Louisiana

Future Corp. Australia Ltd., Melbourne, took a farmout from Pryme Oil & Gas Ltd., Brisbane, covering 6,400 contiguous acres in Louisiana’s updip Tuscaloosa Trend.

By OGJ editors
HOUSTON, Oct. 2
– Future Corp. Australia Ltd., Melbourne, took a farmout from Pryme Oil & Gas Ltd., Brisbane, covering 6,400 contiguous acres in Louisiana’s updip Tuscaloosa Trend.

Future Corp. will begin to earn a 50% interest in the acreage, known as the Atocha project in East Baton Rouge and East Feliciana parishes, by reentering the Shell Oil Brian-1 well drilled in 1980 updip from Port Hudson field to test 125 ft of bypassed gas pay at 17,700 ft. After that, the two companies will develop other prospects for exploration.

Pryme has a 100% working interest in Atocha and has spent more than $1.4 million building the land position, carrying out technical reviews, and planning a test program/

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