Another Well Spudded: No. lOOK.HOUSTON--(BUSINESS WIRE)--Feb. 12, 1998--Carpatsky Petroleum Inc. (KPY-ASE) ("Carpatsky"), is pleased to announce the spudding of their sixth development well in the Rudovsko Krasnozavodsky gas condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. field in Ukraine Ukraine (y  `krān, ykrān`), Ukr. Ukraina, republic (2005 est. pop. . Well No. 1OOK, is drilling ahead 1,219
meters toward a proposed Total Depth of 5,500 meters. Three other wells
in the same field are simultaneously being drilled as follows: -0-
Well Number Current Depth Proposed Total Depth 104 5,252 meters 5,820 meters 109 4,599 meters 5,200 meters 111 4,552 meters 5,200 meters Two wells in the field, No. 102 & No. 106 have already been drilled to a total depth of 5,792 meters and 5,150 meters respectively. Production casing has been set in these two wells and they are awaiting completion. Electric logs indicate 114 feet (34.8 meters) of net effective pay in well No. 102 and 115 feet (35.06 meters) in well No. 106. Torch Energy Advisors, Inc., which provides Carpatsky with technical, financial and management services on a contractual basis, is preparing the completion procedures for these two wells. The aim is to have them on production by the end of the second quarter. A 15,000 pound/sq. inch wellhead well·head n. 1. The source of a well or stream. 2. A principal source; a fountainhead. 3. The structure built over a well. wellhead Noun 1. is now being assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. under Torch's direction in Houston Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; and will be airlifted to Ukraine to be used in the completion of the deeper well, No. 102. Other equipment, including perforating guns and charges will follow. Leslie Leslie (Gaelic, derived from a surname meaning 'garden of hollies,'grey fortress, or'garden by the pool')[1] can refer to any of the following: Places in Scotland:
The process by which the corporation communicates with its investors. . -0- "The information contained herein has neither been approved nor disapproved by the Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). ." -0- Shares Issued: 40,696,253 Trading Float: 7.5 million shares Management Ownership: 36% Ukranian Based Oil & Gas Projects: Rudovsko-Krasnozavodsky 50% Working Interest Total proven and probable reserves net to Carpatsky 2.66 mmbbl of condensate 349.7 bcf of associated gas. Production license area of 127.5 sq. km. Bitkov-Babchensky 56% revenue interest for the first 10 years & 45% interest thereafter. Total probable reserves first stage of operations 1.56 mmbbl of oil and 17.4 bcf of associated gas. Production license area of 180 sq. km. Other developments: 5 wells to be drilled this year. CONTACT: Noble House Investments Dan Patience, 800/499-2388 or 403/262-7111 Email: noble@cal.cybersurf.net |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion