Business
Kenya - Drilling Report no.7
Kenya - Drilling Report no.7.
About this update from Geo Exploration Limited
[{"type":"text","content":"\n Global Petroleum Ltd\n17 January 2007\n\n\n17 January 2007\n\n Kenya - Drilling Report No 7\n\nWell Name: Pomboo No. 1\n\nLicence: Kenya L-5\n\nOperator: Woodside Energy (Kenya) Pty Ltd\n\nJoint Venture: Woodside Energy (Kenya) Pty Ltd 30%\n Dana Petroleum (E&P) Limited 30%\n Repsol Exploracion S.A. 20%\n Global Petroleum Limited 20%\n\nStart Date 2 December 2006 at 1915* hours\n\nDepth at 0700 4,771 metres (2,549 metres below seabed).\nHours (Bris\ntime) on 17\nJanuary 2007* Since the last report, the well has drilled 739 metres, mostly\n shale with some thin sandstones. A thick sandstone has been\n drilled from about 4,685m to 4,771m and although no significant\n oil and gas shows have been observed so far in the well, a full\n evaluation of the sandstone cannot be made until the total depth\n of the well is reached and after wireline logs have been run and\n evaluated. The well continues to be drilled through the rest of\n the objective section to the proposed total depth of 5,370m.\n\n• Footnote: Another transaction is pending which, subject to the necessary\npermissions, will result in the transfer of a 3% interest in L-5 and L-7 from\nDana to Repsol, resulting in Repsol having a 23% interest in L-5 and L-7 and\nDana a 27% interest.\n\n* Australian Eastern Standard Time\n\nThe technical information in this report was prepared by Dr John Armstrong PhD,\nBSc (1st Hons) Geo, executive Chairman of Global Petroleum Limited who has 35\nyears experience in the upstream oil and gas industry. The information has been\nreviewed as to its reliability by Mr Wal Muir BSc Hons (UNSW) MBA (UQ), who is a\npartner in MBA Petroleum Consultants. MBA provides independent technical advice\nto Global. \n\nWal Muir has over 27 years experience in the petroleum exploration\nindustry both in Australia and overseas. He is a Distinguished Member of the\nPetroleum Exploration Society of Australia and a member of the Australian\nSociety of Exploration Geophysicists.\n\nJohn Armstrong\nExecutive Chairman\n\nTelephone: +61 7 3211 1122\nFax: +61 7 3211 0133\nWeb: www.global-petroleum.co.uk\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2572,"tagName":"div"}]