Area Drilling

AustraliaMagellan Petroleum Australia Ltd. said a third party has agreed to pay $300,000 (Aus.) for additional seismic data, acquired during September 2000, on 670,000-acre exploration permit ATP 613P in the Maryborough basin in southeastern Queensland.The third party has an option to drill a well, depending on the seismic results, to earn 50% interest in the permit.Magellan has applied to renew ATP 613P and to license adjoining ATP 674P.IndiaThe government plans to offer 25-30 blocks in its upcoming exploration licensing round, including some coalbed methane prospects.The round, the second under India's New Exploration Licensing Policy, will be launched in December (OGJ Online, Nov. ...

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