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Drilling update
Drilling update.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \nEuropa Oil & Gas (Holdings) Plc\n\nVoitinel-1 Well, Brodina Concession, Romania - Preliminary Test Results\n\nThe operator announces that Voitinel-1 has tested gas from the interval between\n1,653.3 metres and 1,672.5 metres measured depth. The test was designed to\ncollect the data required to characterise the reservoir in order to assess\nappraisal and development options. The well flowed at an initial rate of 85,000\ncubic metres of dry gas per day (3.0 mscf/day) at a tubing head pressure at of\n40 bar (595psi). The well is currently being further tested at a series of\ndifferent flow rates and pressures.\n\nThe preliminary results are encouraging. Voitinel-1 has tested 17.6 metres of\npay at satisfactory rates in a structure with 14 square kilometres of closure.\nIt would be speculative to assign resources at this stage but it is expected\nthat the scale of the discovery will be assessed and announced once the\npressure and flow test analysis has been completed over the next three weeks.\n\nInterests in the Voitinel well are Aurelian Oil & Gas (Romania) SRL 33.75%,\nS.N.G.N. Romgaz S.A. 37.50% and Europa Oil & Gas srl 28.75%.\n\nPaul Barrett, Managing Director of Europa said “While Europa’s recent history \nof gas tests in Sarmatian sands have been disappointing, Voitinel seems more\npromising as significant structural closure can be demonstrated. Early test \nresults have exceeded expectationsâ€\n \nContact: Paul Barrett 07971 528754\n ","length":1524,"tagName":"div"}]