First Calgary Petroleums (FCP) has announced the commencement of production testing operations on the MLE-5 appraisal well and drilling operations on the LEC-1 and ZCH-1 exploration wells.
On FCP's Ledjmet Block 405b, MLE-5 production testing operations are underway and are scheduled to take 40 days to complete. The MLE-5 well targeted a separate fault block on the eastern portion of the MLE field. The MLE-5 well, drilled to a depth of 4,437 meters, has 55 meters of estimated hydrocarbon pay over multiple intervals.
The drilling rig is on location at LEC-1 and drilling is expected to commence early next week, reported a press release. LEC-1, FCP's first exploration well on the Ledjmet Block 405b, is located 8.4 kilometers southwest of the MLE-2 gas and condensate well and is targeting multiple horizons on a structural high, separate from the MLE field. The well has a projected total depth of 4,525 meters and is anticipated to take 60 days to drill, log, and case.
Drilling operations have commenced on the ZCH-1 well, situated on the Company's Yacoub Block 406a. The well is located on the southeast portion of the block and is targeting a fault-controlled structure having light oil potential in multiple horizons. The well has a planned total depth of 3,750 meters and is expected to take 40 days to reach total depth.
FCP is an oil and gas exploration company actively engaged in international exploration and development activities, primarily in Algeria. The company's common shares trade on the Toronto Stock Exchange in Canada (FCP) and on the AIM market of the London Stock Exchange in the UK. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
