WellDog announced today that it has won a competitive tender to provide hundreds of downhole pressure gauge systems to Arrow Energy Pty Ltd over the next two years, with work commencing immediately. WellDog revenue expected under the contract is estimated at between A$5 million and A$10 million depending on exact volumes and services required.
WellDog and tQ Automation announced today that they have signed a Memorandum of Understanding under which tQ Automation will support introduction of WellDog’s suite of technical services to the fast-growing coalbed methane (CBM) market in Indonesia.
WellDog announced today that its downhole pressure gauges have received international intrinsically safe certification for safe use in explosive environments. This certification now allows the company to provide systems for continuous monitoring of coal seam pressures to the coal mine industry.
Several State Agencies and WellDog announced today that they have located $11.7 million worth of gas in the Pawnee coal of the Leiter field, which was abandoned and had been slated for plugging by the Wyoming Oil and Gas Conservation Commission. The gas was found in just 18% of the coal in the field; the consortium is seeking additional funding to test similarly portions of the other 82% of the coal in the field.
WellDog Pty Ltd announced today that it has expanded its business lines to include permeability testing for coals and shales. The company has accumulated top talent and best-in-class modern equipment over the past several months and has recently won competitive tenders for permeability (drill stem testing, or DST) work in Australia’s coal seam gas industry (CSG) and conventional oil and gas industries.
WellDog and Excel Team Holdings announced today that they have signed an Memorandum of Understanding under which Excel will introduce WellDog’s suite of technical services to the fast-growing coalbed methane (CBM) and shale gas markets in China.
WellDog announced today that its new strategic investor, Simon Ashton, has joined the company’s board of directors. Ashton’s company ProX Pty Ltd led a $5,000,000 debt and equity financing round recently closed by the company.
WellDog announced today that it has closed on $5,000,000 in new debt and equity financing to support its continued expansion. The round was led by Simon Ashton and his strategic investment company, ProX Pty Ltd, and included participation by members of Sacramento Angels, Houston Angels, and some of the successful entrepreneurs behind Pure Energy, as well as expanded investment from the Brisbane Angels.
Several State Agencies and WellDog announced today that they have initiated a pilot program to locate and qualify natural gas possibly overlooked by coalbed methane (CBM) operators in the Powder River basin.
WellDog announced today that it was expanding its continuous downhole pressure measurement business lines in Australia by establishing local inventory, equipment and staff at its Brisbane regional headquarters.