News Thread, CO confirms new discovery Egypt in Main Forum; CO confirms new discovery Egypt Circle Oil (CO) Plc. confirmed that it has found oil and gas shows in the ...

Short Link: http://forum.egypt.com/enforum/showthread.php?t=4072

Developer · 04-10-2008, 11:21 PM

CO confirms new discovery Egypt

Circle Oil (CO) Plc. confirmed that it has found oil and gas shows in the Al Amir SE-1 well at the North West Gemsa Concession in Egypt
The well tested at 41 degrees API oil and gas at sustained rates of 3,388 bopd and 4.25 MMscfd.
The well is currently being completed as a potential producer.

Chief executive David Hough said: "These events leave the company in a very strong position. They give us the option to...carry out our ambitious plan to drill 15 wells over the next 24 months on our North African licences."

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News Thread, CO confirms new discovery Egypt in Main Forum; CO confirms new discovery Egypt Circle Oil (CO) Plc. confirmed that it has found oil and gas shows in the ... Short Link: http://forum.egypt.com/enforum/showthread.php?t=4072