Rodinia, Ensign Australia partner for six-well drilling program

Rodinia Oil Corp. has announced that its Australian subsidiary, Officer Basin Energy Pty. Ltd., has executed an agreement with Ensign Australia Pty. Limited (“Ensign”) to carry out its initial six well drilling program. Rodinia’s drilling program will initially test six separate large structural targets using Ensign’s Rig 16 in the Officer Basin in South Australia, with drilling to begin in February 2011.

Rodinia is an international oil and gas company engaged in the exploration, acquisition and development of world-class onshore petroleum and natural gas assets in Australia’s Officer Basin. According to independent reserve evaluation firm, Ryder Scott, the estimated fair market value of Rodinia’s land holdings total $77 million and contain a potential 26.2 billion barrels of oil.