Firms eye Laurel Valley

摘要

International Frontier Resources has signed an agreement with Palace Exploration and Oilexco to drill an exploration well on the North Sea Laurel Valley prospect.The Laurel Valley 1 well will evaluate two prospective Jurassic oil targets and the Lower Cretaceous section identified on a 255sq km 3D seismic survey. Drilling costs will be funded by Oilexco 75%, Gulf Shores 12.5% and Eternal 12.5%.