Business
Barchiz - Oil recovered on DST
Barchiz - Oil recovered on DST.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \nEuropa Oil & Gas (Holdings) plc\n\n8 Dec 2010\n\nBarchiz - Oil recovered on DST\n\nThe Directors of Europa Oil & Gas (Holdings) plc are pleased to announce that\nthe upper DST on the Barchiz-1 well has recovered crude oil. Due to a failure\nof the DST packer to seal, the sample was contaminated with completion brine\nand the Operator is planning to re-run the DST with replacement equipment over\nthe coming days to obtain better fluid and pressure data.\n\nA further announcement will be made following agreement on a forward programme.\n\nPaul Barrett, Managing Director of Europa, said \"Oil inflow demonstrates mobile\nhydrocarbons in the reservoir. In addition to the oil now recognised in\nBarchiz, this result proves the thrustbelt petroleum system on-block and\nsignificantly de-risks the prospectivity of several nearby leads.\"\n\nFurther information:\n\nEuropa Oil & Gas\n\nPaul Barrett / Phil Greenhalgh Tel: +44 1235 553 266\n\nfinnCap\n\nSarah Wharry / Henrik Persson, Corporate Finance Tel: +44 207 220 0567\nJoanna Weaving, Corporate Broking Tel: +44 207 600 1658\n\n\nThis announcement has been reviewed by Paul Barrett BSc, MSc, a geologist with\n30 years of experience in the mainstream oil and gas industry.\n ","length":1226,"tagName":"div"}]