Europa O&G Spies Oil at Barchiz Well

Europa O&G updated the progress at Barchiz, the Romanian exploration well, spudded in mid-October.

Currently, the well is drilling the top-hole section at 406m. Minor oil shows and mud gas indications were encountered in sandstones over the interval 268 - 275m, providing evidence for an active petroleum system in the Barchiz area.

It is anticipated that the well will reach the target horizon at a depth of approximately 1,400m in 2-3 weeks time.

 

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Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
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