Business
Drilling Report - Crosby Warren
Drilling Report - Crosby Warren.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n Europa Oil & Gas (Holdings) plc \n\n (the `Company' or `Europa') \n\n Crosby Warren-2Y reaches TD \n\nThe Directors of Europa Oil & Gas (Holdings) plc, the production and\nexploration company, are pleased to announce that the CW-2Y well at the Crosby\nWarren Oilfield, North Lincolnshire (Europa 100%), has reached a final total\ndepth of 1,720 metres.\n\nThe well has been logged and several sandstone intervals within the upper part\nof the Beacon Hills Flags Formation (BHF) are interpreted as being oil-bearing\nbetween 1640 and 1676m. In total 5m of probable pay exists in the BHF, with a\npossible further 3m in thin beds. CW-1 has produced over 650,000 bbls to date\nfrom approximately 7m of pay in the BHF. The CW-2Y well will be completed with\na 4 ½\" liner and prepared for production. Additional potential oil pay exists\nin a 5 metre thick sandstone, equivalent to the Chatsworth Grit, at a depth of\n1,600m which will be perforated and tested at a later date.\n\nPaul Barrett, Managing Director, said \"Delays due to equipment problems were\novercome late last week and the drilling completed successfully. We now look\nforward to obtaining production from this well and will report on how the well\nperforms in due course.\"\n\nAbout Europa Oil & Gas (Holdings) plc\n\nEuropa Oil & Gas focuses on the production and exploration of hydrocarbons in\nEurope and North Africa. Europa currently produces oil from three fields in the\nUK. Operating over two-thirds of its portfolio with an average working interest\nof 60%, Europa also has field appraisal and exploration activity on a number of\nprojects in the UK and Romania and a strong new ventures programme across\nEurope and the North African region.\n\nReviewed by a Qualified Person\n\nThe technical information and opinions contained in this announcement have been\nreviewed by Paul Barrett, Managing Director of Europa Oil & Gas, who is a\ngeologist with over 26 years of relevant experience in the upstream oil and gas\nindustry.\n\nFor more information please visit www.europaoil.com\n\nFor further information, contact:\n\nPaul Barrett, Managing Director, Europa Oil & Gas +33 5 63 33 18 97\n\nJonathan Wright or Parimal Kumar, Seymour Pierce +44 20 7107 8000\n ","length":2374,"tagName":"div"}]