Circle Oil: Successful Testing of NW Gemsa Appraisal.Summary: Circle Oil reported that the Al-Amir SE-4X appraisal well has been successfully drilled and tested in the onshore North West Gemsa Development Lease in Egypt. Circle Oil reported that the Al-Amir SE-4X appraisal well has been successfully drilled and tested in the onshore North West Gemsa Development Lease in Egypt. Circle is delighted to confirm that the Kareem Formation (the "Formation") sandstones under test flowed 42A API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. oil and gas at sustained average rates of 5,500 bopd and 7.159 MMscfd using a 64/64" choke from the lower of two identified pay zones. The well, which is the third appraisal well to be drilled on the Al-Amir SE discovery area, has been completed, connected into the local infrastructure and is in production. Log result based interpretations indicate that the total net thickness of the two pay zones is approximately 69 feet. The upper pay zone identified in the Kareem Shagar Sandstone sandstone, sedimentary rock formed by the cementing together of grains of sand. The usual cementing material in sandstone is calcium carbonate, iron oxides, or silica, and the hardness of sandstone varies according to the character of the cementing material; quartz is 23 feet thick and will be tested at a later date. The lower tested pay zone in the Kareem Rahmi Sandstone is 46 feet thick. A full technical evaluation The study and investigations by a developing agency to determine the technical suitability of material, equipment, or a system for use in the Military Services. See also operational evaluation. of all the results is underway to permit development planning and is a precursor to further assessment of the resource potential. An assessment of reserves has not yet been completed. The Al-Amir test program began once the drilling rig moved to the north and commenced drilling the Geyad 2 well which is the first appraisal well in the Geyad discovery area. The primary target will again be the Kareem Formation and it is planned also to test for secondary targets in the Pre-Miocene Nubia sandstones prognosed at a depth of 11-12,000 feet. The NW Gemsa Development Lease is contained within the NW Gemsa concession covering an area of over 260 square kilometers and lying about 300 kilometers southeast of Cairo, in a partially unexplored area of the Gulf of Suez Noun 1. Gulf of Suez - a northwestern arm of the Red Sea linked to the Mediterranean by the Suez Canal Red Sea - a long arm of the Indian Ocean between northeast Africa and Arabia; linked to the Mediterranean at the north end by the Suez Canal Basin. The concession agreement Concession Agreement A right granted by a government to a corporation. It specifies rules under which the company can operate locally. Notes: Some concession agreements might include tax breaks for the corporation, in order to keep them from moving to another jurisdiction. includes the right of conversion to a production license of 20 years, plus extensions, in the event of commercial discoveries. The North West Gemsa Concession partners include: Vegas Oil and Gas (50% interest and operator); Circle Oil plc (40% interest); and Premier Oil plc (10% interest). David Hough David Hough is the name of:
adj. Having sufficient grounds for justification; possible to justify: justifiable resentment. jus very pleased with the results of our ongoing drilling program as these drilling successes further strengthen the Company's position and we look forward to the continuing appraisal of these growing assets." Copyright UMCI News Provided by Syndigate.info an Albawaba.com company |
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