Drilling Update (3711O)
September 16 2011 - 2:00AM
UK Regulatory
TIDMEXI
RNS Number : 3711O
Exillon Energy Plc
16 September 2011
Exillon Energy plc
Drilling update
16 September 2011
16 September 2011 - Exillon Energy plc ("Exillon Energy", the
"Company" or the "Group") (EXI.LN), a British listed independent
oil producer with assets in two oil-rich regions of northern
Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon
WS"), is pleased to announce that well EWS I - 44 successfully
found oil on the south-eastern part of the East EWS I field.
EWS I - 44
EWS I - 44 well which was spudded on 1 August 2011 was drilled
on a south-eastern part of the East EWS I field from well pad
32.
The well flowed water-free oil naturally to the surface with a
flow rate of 768 bbl/day on a 10 mm choke. The well encountered the
Jurassic P reservoir at 1,834 meters, confirming 7.3 meters of
effective net oil pay within the Jurassic and 3.1 meters of
oil-water transition zone. These results support the existing
geological model of the Group. The completion and cementation of
the well were conducted under revised procedures adopted by the
Group subsequent to the well completion issues described in the
interim results announced on 26 August 2011.
The well was drilled directionally 1.3 km to the west from the
existing well pad. On completion of testing the well will be
connected up to existing production facilities.
Media Contact:
Tom Blackwell
Blackwell@mcomgroup.com +44 207 920 2330
This information is provided by RNS
The company news service from the London Stock Exchange
END
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