ODYSSEY ENERGY LIMITED - ASX: ODY

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Description

Odyssey Energy Limited is an ASX listed oil and gas exploration and production company with a current focus on its oil and gas project in Oklahoma, targeting gas and associated oil in the Woodford Shale and also the acquisition of new projects.

Since listing on the Australia Stock Exchange on 30 November 2005, Odyssey has consolidated its initial position in central Utah with acquisition of an additional 15% interest in the original 5,023 acre North Helper Gas Project area, and through the acquisition of a substantial number of additional mineral leases on-trend. The Company now has a 30% Working Interest in 27,981 gross acres across the expanded project area.

The Company has also entered into a second major project by acquiring a 33.33% interest in the Jester-Bloomington Gas Field Re-development in Greer County Oklahoma – initially covering 7,200 acres, but now a Letter of Intent has been signed to acquire an additional 16,000 gross acres adjacent to the existing Jester-Bloomington project area. The Company will now have a 33.33% Working Interest in approximately 24,000 gross acres in the expanded project area.

Mine For

oil, gas

Location of operation(s)

USA

Address

Level 9 , BGC Centre , 28 The Esplanade
PERTH, WA, AUSTRALIA

Phone

(08) 9322 6322

Email

Website

http://www.odysseyenergy.com.au/

Last Updated

2/3/2011