Stratic Energy says ENSCO 70 rig available to drill Breagh wells this week
Monday, August 11, 2008
Stratic Energy Corporation has announced that the ENSCO 70 rig is expected to become available this week and will drill two wells on the Breagh discovery in the North Sea.
The rig will initially drill a vertical well on the East Breagh area (42/13-4). The well is designed to confirm reservoir extent and potential significant upside to the gas discovered and appraised on the West Breagh area in 2007. Following the East Breagh well, a high angle/horizontal well is planned for West Breagh (42/13-5) to further evaluate this part of the field. The results from these two wells will be integrated in to the conceptual engineering as the partnership moves the discovery towards development.
Dr Mark Bilsland, Chief Operating Officer commented:
'The results from these two wells will be important in determining the extent of the 'in place' gas volumes and reservoir performance potential as the partnership moves forward with the pre - development work'.
Stratic's interest in the Breagh discovery is 10.0% while fellow AIM traded company EnCore Oil has a 15% interest. Sterling Resources of Canada is Operator.
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