Oil & Energy - City of West Torrens, SA, Australia
Tellus Resources Limited is an Australian-based oil & gas and mineral exploration company with licences in South Australia, Queensland, New South Wales, USA & Madagascar.Summary of Key Assets25.0% Participating Interest in the Covenant Mondo Project, a large conventional oil asset with the potential to deliver massive upside with drilling to commence shortly. 25.0% interest in Block 3114 (10,000 km2) located onshore Madagascar with a drill ready anticlinal oil target as well as prospective fault block trap geometries. Option available to go to 80%.30% interest in PRLs 108,109 and 110 (formerly PEL 105) in the Cooper Basin following full free carry in work (a well or equivalent) to be completed by end December 2014.