Exillon Energy Plc Drilling Report (5037P)
October 25 2012 - 2:01AM
UK Regulatory
TIDMEXI
RNS Number : 5037P
Exillon Energy Plc
25 October 2012
Exillon Energy plc
Drilling Update
25 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.
Exploration well EWS I - 60
Exploration well EWS I - 60 was designed to test a 4.1 sq km
north-west extension of the EWS I field. The new discovery
contained pre-drill estimates of 2.3 million barrels of possible
reserves (Miller and Lents, March 2012 reserve report).
The well was spudded on 20(th) September 2012 and drilled and
cemented in 23 days. The well encountered the Jurassic P reservoir
at 1,837 metres, confirming 11.9 metres of effective vertical net
oil pay. In addition, the well encountered PJC reservoir at 1,853
metres, confirming a further 1.6 metres of net pay.
The well flowed water-free oil naturally to the surface with a
test flow rate of 767 bbl/day on an 8 mm choke. The well was
drilled 0.5 km north-west of Pad 6, and is now connected to our
existing production facilities.
Exploration well EWS I - 60 is the second well drilled from Pad
6, following an earlier well EWS I - 61 announced on 8 June 2012.
Although well EWS I - 61 discovered 9.5 metres of Jurassic P
reservoir, the Group was unable to test this well for production
due to technical reasons related to a 1.6 km deviation from the
Pad. The results from well EWS I - 60, however, significantly
de-risk the prospect of future development drilling in the
area.
Media contact:
Tom Blackwell
Blackwell@mcomgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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