21 Dec 2006drilling scheduled▲ Good
Koyustu-1 gas well in the Edirne Licence (Otto 65%) is due to spud around 25 December 2006, to about 650m, taking roughly 10 days. The rig then moves to flow-test the Bati Umur-1 discovery from December 2005.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Dec 2006drilling scheduled▲ Good
The 185 km Edirne seismic survey finished 24 November and found several leads. A rig is due in late December to drill Koyustu-1 beside the Bati Umur-1 gas discovery, then flow-test Bati Umur-1, which was not tested in 2005 because of winter conditions.
20 Jan 2006drilling progress report● Neutral
7 inch production casing was run to 350m in Arpaci-1 and the rig released. A workover rig is proposed to flow test both Arpaci-1 and the Bati Umur-1 discovery when available.
19 Jan 2006drilling result● NeutralMajor
Arpaci-1 reached 509m total depth. Logs showed several zones of potential interest, but pressure data suggests gas saturations may be low, so detailed flow testing is recommended. An early mixed signal, not a confirmed discovery like Bati Umur-1.
18 Jan 2006drilling progress report● Neutral
Arpaci-1 was drilling ahead at 487m, close to its planned 500m, with logging next. No new result.
17 Jan 2006drilling progress report● Neutral
Arpaci-1 was drilling ahead at 215m, with a planned depth of about 500m. Repeats earlier well details with no new result.
16 Jan 2006drilling spud● Neutral
Arpaci-1, Ottoman's second Thrace Basin well in Turkey, spudded 13 January 2006 on the Edirne Licence (65% interest), targeting about 500m. It follows the December 2005 Bati Umur-1 gas discovery.