Area Drilling

AustraliaAustralian Worldwide Exploration Ltd. and CalEnergy Gas (UK) Ltd. agreed to sell gas from yet-to-be-developed Yolla field 150 km off northern Tasmania to Origin Energy Retail Ltd.Associated company Origin Energy Resources Ltd., a partner in the Bass basin field, would buy AWE's 30.5% and CalEnergy's 20% shares of the 260 PJ of Yolla gas over 15 years. Gas from the $400 million (Aus.) project would go into the Victorian grid.The project would produce 13.5 million bbl of condensate and 1,000 kilotonnes of LPG during 15 years and starting in 2004.Reserves are 309 PJ at Yolla and 50 PJ at White Ibis. The T/18P permit has two undrilled prospects (Trefoil and Chappel) that may ...

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