Australia is a land of opportunity. The country has become a significant player in the global energy market with vast natural resources. One company at the forefront of Australia exploration drilling is the Australia Exploration Drilling Company (AEDC). AEDC has been responsible for some of the most significant discoveries in recent years, and it looks poised to become a leading supplier of energy to the world. In this article, we will take a closer look at AEDC and explore its role in the future of energy production.
What should I know about this?
AEDC was founded in 2006 to become a leading provider of energy services to Australia and the world. The company has since increased and now has a fleet of over 30 drilling rigs. AEDC has made some significant discoveries in recent years, including the discovery of the giant Gorgon gas field off the coast of Western Australia. This find is estimated to contain around 50 trillion cubic feet (tcf) of natural gas, making it one of the largest deposits in the world.
AEDC is also involved in exploration activities in other parts of Australia, including the Canning Basin in Western Australia and the Cooper Basin in South Australia. These are both highly prospective areas for oil and gas, and AEDC hopes its drilling activities will lead to more significant discoveries.
Suppose AEDC is successful in its exploration efforts. In that case, it could significantly ensure that Australia remains a crucial player in the global energy market for many years.to come.
How does this company work?
The company’s primary focus is on exploring for and developing unconventional gas resources in the Cooper Basin, which is located in South Australia. Australia Exploration Drilling Company has been successful in this area, with its exploration activities leading to the discovery of the shale gas deposit known as the Moomba field. This field contains an estimated 11 trillion cubic feet (Tcf) of natural gas, making it one of the largest deposits in the world.
AEDC is also involved in exploration activities in other parts of Australia, including the Canning Basin in Western Australia and the Cooper Basin in South Australia. In addition, the company has interests in coal seam gas projects in Queensland and New South Wales.
The AEDC is a publicly traded company on the Australian Stock Exchange (ASX: AED). It has a market capitalization of A$481 million as of June 2018. The company’s shares have been trading at around A$0.80 per share in recent months.
We hope this information has been useful to you.
