Carpatsky Petroleum Inc. Recent Field Developments.CALGARY, Alberta--(BUSINESS WIRE)--Nov. 3, 1997--Carpatsky Petroleum (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). KPY.) CARPATSKY PETROLEUM INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . Carpatsky (40 percent effective interest) and its partner Poltavanaftogaz, a subsidiary of the joint stock company Ukrnafta currently have 5 drilling rigs working at the large Rudovsko 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 east of Kiev in the Ukraine. Well 106 has reached a total depth of 16,886' and 5 1/2 inch casing has been run. The B-22H zone which is the main producing zone in the field has 114' of net effective pay. The offsetting wells had initial production rates of 7 mmcf/d and 13 mmcf/d, plus condensate. Carpatsky and its partner expect Well 106 to come onstream at 8.3-11.7 mmcf/d with 160-230 b/d of condensate based on analysis of the reservoir and production data on the two offset wells. Also at Rudovsko, Well 102 is at 18,953' and projected total depth is 19,078'. Well 102 has a better reservoir development in the T3 zone than the offsetting Well 2 which tested 28.7 mmcf/d. The T3 zone is the deepest gas reservoir gas reservoir In geology, a naturally occurring storage area, characteristically a folded rock formation, that traps and holds natural gas. The reservoir rock must be permeable and porous to contain the gas, and it has to be capped by impervious rock in order to form an in the field. Well 102 has three producing zones uphole and behind pipe. The B-22 zone has 62 feet of net effective pay and initial production is expected to be 7.5 to 8.0 mmcf/d and 160 bbls of condensate per day. The B-21 zone has 85' of net effective pay and initial production is expected to be 10 mmcf/d and 160 b/d of condensate. The B-16 zone is expected to produce at 570 b/d of oil and 1 mmcf/d. The production rates are calculated based on effective net pay thickness and other technical data when compared to production rates in the offsetting wells. Carpatsky has an effective 56 percent revenue interest in a second project, the Bitkov oilfield located in the Western Ukraine Western Ukraine may refer to:
ON BEHALF OF THE BOARD Les Texas - President -0- The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Carpatsky Petroleum Inc. Drew Burgess BURGESS. A magistrate of a borough; generally, the chief officer of the corporation, who performs, within the borough, the same kind of duties which a mayor does in a city. In England, the word is sometimes applied to all the inhabitants of a borough, who are called burgesses sometimes it , 403/ 263-3922 |
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