CALGARY, ALBERTA--(Marketwire) - Editors note: There are two photos associated with this press release.
Rodinia Oil Corp. (TSX VENTURE:ROZ) ("Rodinia") is pleased to announce that it has spudded its first well, "Mulyawara 1", in the Officer Basin of South Australia.
Rodinia began drilling Mulyawara 1 on the morning of Thursday June 9, 2011, Australian Central Standard Time. Rodinia has an 80% working interest in this well and prospect, and is the operator. Drilling of Mulyawara 1 is expected to take approximately six to eight weeks to reach total depth after which prospective hydrocarbon shows will be tested.
Mulyawara 1 is located in the northwest corner of PEL 253 in the Officer Basin on a structure of approximately 36.3 square kilometres (per horizon) in size as identified on seven separate 2-D seismic lines. It will be drilled vertically to an estimated total drilling depth of 2,700 metres to test five prospective reservoir horizons: Murnaroo, Talina, Mundallio, Emeroo and Pindyin, the deepest of which is the aeolian Pindyin sandstone (also called the sub-salt unit).
Rodinia''s drilling contract with Ensign International Energy Services includes four firm wells with the option for up to four additional wells in the Officer Basin. Rodinia''s second drilling location, Kutjara 1, has recently been hi-graded and re-confirmed by additional 2-D seismic lines. Kutjara 1 is located in the west-central portion of PEL 253 approximately 35 kilometres southeast of Mulyawara 1.
Rodinia Oil Corp.
Rodinia is an international oil and gas exploration corporation. The Common Shares and Warrants are listed for trading on the TSX Venture Exchange under the symbols "ROZ" and "ROZ.WT" respectively. Rodinia is engaged in the exploration, acquisition and development of petroleum and natural gas assets in Australia''s Officer Basin. Founded in 2006, Rodinia has access to large tracts of exploratory lands and is one of the first companies to undertake exploration in the Officer Basin. Rodinia has offices in Calgary, Alberta and Adelaide, South Australia.
This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Rodinia, including, without limitation, statements pertaining to Rodinia''s drilling plans and operations. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rodinia''s disclosure documents on the SEDAR website at www.sedar.com. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, Rodinia does not assume any obligation to update or revise them to reflect new events or circumstances.
To view the photos associated with this press release, please visit the following links:
Rodinia Oil Corp.
Manager, Investor Relations
(403) 718-0366 or Toll Free: (877) 822-7280
For all Media inquiries contact:
Brookline Public Relations
Susan Showers, Manager, Investor Relations
P: (403) 718-0366 or Toll Free: (877) 822-7280
M: (403) 718-3888 (FAX)