Exillon Energy Plc Drilling Update (9614L)
September 11 2012 - 2:00AM
UK Regulatory
TIDMEXI
RNS Number : 9614L
Exillon Energy Plc
11 September 2012
Exillon Energy plc
Drilling Update
11 September 2012
11 September 2012 - Exillon Energy plc (EXI.LN), a London
Premium listed independent oil producer with assets in two oil-rich
regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia
("Exillon WS"), is pleased to announce a drilling update.
Drilling Update
Well East EWS I - 571 was spudded on 15(th) August 2012 and
drilled and cemented in 18 days on the northern part of the East
EWS I field. The well encountered the Jurassic P reservoir at 1,868
metres, confirming 17.8 metres of effective vertical net pay. Due
to the angled trajectory of the well bore, this exposed 30.6 metres
of effective net oil pay for production.
The well flowed water-free oil naturally to the surface with a
test flow rate of 882 bbl/day on an 8 mm choke.
Well 571 is the fifth development well drilled from Pad 5
following the success of Exploration Well 50 in 2011. All five
wells have shown consistent results. They have thicker than
expected net pays, confirmed a highly permeable reservoir and none
has discovered an oil water contact, proving a wider and thicker
area of high quality reservoir across the northern extension of
East EWS I. All five wells are currently flowing naturally, without
pumps.
The well was drilled 1.2 km east of Pad 5, and is now connected
to our existing production facilities.
Media details:
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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