Kenai Loop 1-4 Well Progress Report # 8
Sydney, Oct 1, 2013 AEST (ABN Newswire) - Buccaneer Energy Limited (
ASX:BCC)("Buccaneer" or "the Company") is pleased to provide the following update on the progress of the 100% owned Kenai Loop # 1-4 well:
Time: 9.00am (Sydney) 1 October 2013 / 3.00 pm (Anchorage) 30 September 2013.
Depth: 11,396' Measured Depth ("MD")
Activity: Alaskan Oil and Gas Commission ("AOGCC") issued spacing permit allowing testing to proceed. Currently rigging up testing equipment to perforate and test 9,700' sand.
Well Plan:
The well is being 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. 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
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