First
Calgary Petroleums commences drilling on Block 405b in Algeria
Posted: 17 June 2003
First Calgary Petroleums Ltd announced drilling has commenced on
the MLE-3 well on the company’s Ledjmet Block 405b in Algeria.
Results from this well will further appraise natural gas and condensate
discoveries made by the MLE-1 and MLE-2 wells.
The MLE-3 well is located 3.7 kilometres east from the recently
drilled MLE-2 well (production tested 189 million cubic feet of
gas per day and 12,874 barrels of condensate per day) and has a
planned depth of 4,450 m.
The well operations will take approximately 61 days to drill, log,
case, and complete.
An extensive production testing program is planned following the
release of the drilling rig.
Subsequent to drilling the MLE-3 well, FCP plans to drill two additional
delineation wells on the MLE structure.
An independent engineering assessment of the reserves recently
estimated gross proven, probable and possible natural gas reserves
of more than 5.7 trillion cubic feet equivalent (TCFe), of which
708 billion cubic feet of natural gas equivalent is proven and 2.39
TCFe is proven plus probable. The drilling of the three delineation
wells will provide further assessment of the reserves in the above
categories.
First Calgary Petroleums Ltd is a Canadian oil and gas exploratory
company that is actively engaged in international exploration and
development activities, primarily in North Africa.
The company’s common shares trade on the Toronto Stock Exchange
in Canada (FCP) and on the Alternative Investment Market of the
London Stock Exchange in the UK (FPL).
For more information see www.fcpl.ca.
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
