Drilling Report
2005年3月21日 - 4:30PM
RNSを含む英国規制内ニュース (英語)
RNS Number:9650J
Pan Andean Resources PLC
21 March 2005
Pan Andean drills Estaban oil well, onshore Texas
Pan Andean Resources plc, explorer for, and producer of, oil and gas in the USA
and South America, is pleased to announce the start of an exploration well on
the Estaban Prospect, onshore Texas.
The J.B.Cooper No 1 well is expected to take 21 days to drill to the target
depth of 6,400 ft. Targeted production is 200 barrels of oil daily. A further 8
wells are planned if this one is successful. The overall potential is 5 to 6
million barrels of oil. Pan Andean has a 25% interest in the well which will be
drilled and operated by Buffalo Natural Gas Ltd.
Drilling of the Zackry Korenek No. 2 well in the Danbury Dome area in which Pan
Andrean has a 7.3% interest, is expected to start on Tuesday March 22nd.
Any gas output generated by these wells can be quickly tied in to existing
infrastructure to benefit from high demand and strong gas prices in the US
market.
Contacts:
John Teeling + 353 1 8332833
Jim Finn + 353 1 8332833
David Horgan + 353 1 8332833
Bell Pottinger Corporate & Financial
Nick Lambert +44 7811 358 764
www.panandeanresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
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