In June 2004, Dragon commenced a work-over program for various wells in its LAM Field in the Cheleken Contract Area, offshore Turkmenistan. These old wells were drilled prior to Dragon signing its Production Sharing Agreement and have significant potential for untapped reserves.
The work-over program will continue as previously reported, with three of the upcoming wells planned to be re-completed using a hydraulic work-over unit. The expected time for program completion remains the fourth quarter of this year.
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