Exillon Energy Plc Drilling Update (5485N)
October 01 2012 - 2:00AM
UK Regulatory
TIDMEXI
RNS Number : 5485N
Exillon Energy Plc
01 October 2012
Exillon Energy plc
Drilling Update
1 October 2012
1 October 2012 - Exillon Energy plc, 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.
ETP IV - 2003
Well ETP IV - 2003 was spudded on 2(nd) May 2012 and drilled and
cemented in 118 days on the central part of the ETP IV field. The
well encountered the Lower Silurian reservoir at 3,273 metres,
confirming 8.6 metres of effective net oil pay within the
reservoir. Due to the angled trajectory of the well bore, this
exposed 13.3 metres of effective net oil pay for production.
The well flowed water-free oil to the surface with a flow rate
of 465 bbl/day. Well logging and testing results support our
geological understanding of the ETP IV field.
The well was drilled 0.8 km west of Pad 1, and is now connected
to our existing production facilities, and the drilling rig has now
spudded Well ETP IV - 3000 targeting the southern part of the ETP
IV field.
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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