CityView Report On Three Wells.Business Editors/Energy Writers NEW YORK--(BUSINESS WIRE)--Nov. 28, 2001 CityView Corporation Limited's ("CityView") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CTVWF) Joint Venture partner and operator PT Medco Energi Internasional TBK ("Medco") advises the following: Madura Sebaya-1 A production test in the well is about to commence. This test will determine the fluids in the formations and the rates the well can be produced. The packer packer /pack·er/ (pak´er) an instrument for introducing a dressing into a cavity or a wound. pack·er n. 1. An instrument for tamponing. 2. See plugger. has been set at 4361 feet and the end of the tail pipe at 4392 feet in order to test the zone from 4527 to 4570 feet. A 2 7/8 inch tubing test string has been run inside the casing. The zone to be tested will be perforated per·fo·ra·ted adj. Pierced with one or more holes. with four to eight shots per foot, allowing fluids from the formation to enter the well and be diverted through a test separator. Karasan-1 The remaining drilling material is being moved on site. Road and location is now 90% complete. Courtesy visits to local government officials are currently being made. Simenggaris Pidawan-1 The dredging dredging, process of excavating materials underwater. It is used to deepen waterways, harbors, and docks and for mining alluvial mineral deposits, including tin, gold, and diamonds. contractor is ready for depth sounding. Rig mobilization mobilization Organization of a nation's armed forces for active military service in time of war or other national emergency. It includes recruiting and training, building military bases and training camps, and procuring and distributing weapons, ammunition, uniforms, has commenced. CityView has a 25% interest in both the Madura and Simenggaris Blocks and is free carried by Medco throughout this extensive work program. For further information contact Matthew Henderson CEOcast, Inc., at (212) 732 4300. |
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