Kenai Loop Well 1-4 - Progress Report
Sydney, Aug 27, 2013 AEST (ABN Newswire) - Buccaneer Energy Limited (
ASX:BCC) (BCGYF:OTCMKTS) ("Buccaneer" or "the Company") is pleased to provide the following update on the progress of the 100% owned Kenai Loop # 1-4 well:
Time: 9.00 am (Sydney) 27 August 2013 / 3.00 pm (Anchorage) 26 August 2013.
Depth: 7,541' Measured Depth ("MD") / 7,388' True Vertical Depth ("TVD")
Activity: Drilling continues to next planned casing point above the Tyonek Formation at approximately 9,500' MD / 9,300' TVD.
Well Plan:
The Kenai Loop # 1-4 is being drilled from Drilling Pad # 1 which is the same drilling pad as Buccaneer's other Kenai Loop wells and will be drilled to approximately 10,700' TVD / 10,897' MD.
The well will be drilled to a target that appears to be fault separated from the current producing zones in the Kenai Loop # 1 - 1 and Kenai Loop # 1 - 3 wells and is expected to be completed in late September 2013. The current production facilities at Drilling Pad # 1 will need minor upgrades to facilitate production from this new well and preliminary plans have been finalized to perform these upgrades with minimal delays.
Contact
Buccaneer Energy Limited
T: +61-2-9233-2520
F: +61-2-9233-2530
WWW: www.buccenergy.com
| ||
|
