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BRIEF-FREEDOM OIL AND GAS LTD SIGNS CONTRACT WITH PATTERSON-UTI DRILLING COMPANY

Published 07/02/2017, 02:49 am
Updated 07/02/2017, 02:50 am
© Reuters.  BRIEF-FREEDOM OIL AND GAS LTD SIGNS CONTRACT WITH PATTERSON-UTI DRILLING COMPANY
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Feb 6 (Reuters) - Freedom Oil And Gas Ltd FDM.AX :

* PRESS RELEASE - FREEDOM CONTRACTS WITH PATTERSON-UTI DRILLING FOR HORIZONTAL DRILLING PROGRAM IN EAGLE FORD SHALE

* FREEDOM OIL AND GAS LTD SAYS SIGNING OF A CONTRACT WITH PATTERSON-UTI DRILLING COMPANY FOR DRILLING OF TWO WELLS IN EAGLE FORD SHALE

* FREEDOM OIL AND GAS LTD- ESTIMATES INITIAL WELL COST OF ABOUT $5 MILLION SHOULD DECLINE TO AROUND $4 MILLION PER WELL ONCE FULL DEVELOPMENT PROGRAM IS UNDERWAY

* FREEDOM OIL AND GAS - PATTERSON RIG IS CURRENTLY DRILLING ABOUT 50 MILES FROM CO'S ACREAGE, IS EXPECTED TO MOBILIZE TO FIRST CO'S DRILLING LOCATION IN APRIL Source text for Eikon: ID:nPn6cXLdfa Further company coverage: FDM.AX

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