Rift, Austral exploration aimed at Alcan Gove gas

RIFT Oil expects to spud its PNG exploration well, Puk Puk-1, in April. The well is targeting recoverable reserves of about 226 billion cubic feet of gas.

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Puk Puk-1, which will be drilled in PPL 235 by the heli-portable Coral Sea-1 rig, was approved by PNG's Department of Petroleum and Energy as an obligatory exploration well targeting a separate

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