Business
Barchiz Test Plans
Barchiz Test Plans.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n25th November 2010\n\nEuropa Oil & Gas (Holdings) plc\n\nBarchiz Test Programme\n\nThe Directors of Europa Oil & Gas (Holdings) plc are pleased to provide an\nupdate on drilling results from the Barchiz-1 exploration well in Romania.\n\nThe well has now reached a final total depth of 1,450m and is being prepared\nfor testing. Oligocene sandstone reservoirs similar to those seen in the nearby\nGeamana Field were encountered in the interval between 520 and 580m. These\npresented live oil shows and the wireline logs calculate potential oil pay of\nup to 20m net thickness. The Operator, MND, is recommending two drillstem test\nintervals: 522.5 - 531m and 548 - 558.5 m.\n\nPaul Barrett, Managing Director, said \"Clearly we are extremely encouraged by\nthis result and look forward to seeing the flow test results in the coming\nweeks.\"\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 ","length":1083,"tagName":"div"}]