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Production Update - Bilca-2 Well Test
Production Update - Bilca-2 Well Test.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n25th July 2006 - 7am\n\n Europa Oil & Gas (Holdings) \n\n Bilca-2 Well Test \n\nEuropa Oil & Gas, the AIM-listed production and exploration company (AIM: EOG),\nis pleased to announce that the Bilca-2 well, which encountered gas whilst\ndrilling in early 2005 but was suspended without testing, has now been\nperforated, tested and completed as a production well. A short clean-up test on\na restricted choke has demonstrated commercial gas production.\n\nA clean-up rate of approximately 1 mmscfpd, achieved through an 8mm choke, is\ncomparable to the flow rates obtained on a similar choke on the Bilca-1 well,\nwhich went on to test at 6.3 mmscfpd (1,050 boepd) through a 20mm choke. The\nwell has now been temporarily shut-in in preparation for commercial field\nproduction which is due to commence at the end of August.\n\nThe Bilca project lies in the northern part of the Romanian Carpathians, a\nprolific oil and gas province. Europa and its partners(1) drilled Bilca-2 on the\nwestern extension of the Bilca seismic anomaly in early 2005 following the\nsuccess of Bilca-1, and the well was cased without being tested.\n\nPaul Barrett, Managing Director of Europa Oil & Gas, said:\n\n\"We are pleased with these initial results for the Bilca-2 well. This will\nensure we have a full complement of production wells ready to supply the\nstart-up of the Bilca production facilities in a little over a month's time.\"\n\n---END---\n\n(1) Falcon Oil & Gas srl (a subsidiary of Aurelian Oil & Gas plc), Romgaz SA and\nMillennium IRL (a subsidiary of Ascent Resources plc).\n\n\nAbout Europa Oil & Gas (Holdings) plc\n\nEuropa Oil & Gas (Holdings) plc - AIM: EOG - focuses on the production and\nexploration of hydrocarbons in Europe and North Africa. It currently produces\n210 barrels of oil per day from UK onshore fields and 25 barrels of oil\nequivalent from the Ukraine. Production is expected to rise significantly after\nits Romanian Bilca Gas Project comes on-stream later this year. Operating a\nbalanced portfolio, Europa currently has field appraisal activity on projects\nin the UK Southern Gas Basin and onshore Romania and exploration activity on a\nfurther eight licences across the Europe - North Africa region. For more\ninformation please visit www.europaoil.com.\n\n\nFurther information:\n\nPaul Barrett, Managing D...