Walyering resource upgraded

A map of the Walyering gas field.

A map of the Walyering gas field.

A UIL Energy and Pancontinental Oil and Gas NL joint venture (JV) has upgraded the resources at the Walyering gas field in EP 447 in the onshore Perth Basin, Western Australia.

UIL and Pancontinental signed a farmin agreement and Joint Operating Agreement where Pancontinental agreed to fund up to $2.5 million for a 3D seismic survey and earn a 70 per cent working interest in four graticular blocks in EP 447.

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