FCP Makes Discovery at LES-1 Well in Algeria

Lejmet Block, Berkine Basin, AlgeriaLejm
(Click to Enlarge)
First Calgary Petroleums announces initial drilling results from the drilling of LES-1, an exploration well located on FCP's 100% held Ledjmet Block 405b in Algeria. Wireline logging of LES-1 indicates the presence of 60 meters of net hydrocarbon pay over multiple geological intervals. LES-1, drilled to 4,311 meters, is located 15 km southwest (SW) of the MLE Field on a separate geological structure. Production testing is anticipated to commence in late September as equipment becomes available.

Richard Anderson, President and CEO stated, "We are extremely pleased with the LES-1 preliminary results. With this well, we have now moved more than 20 km from the original MLE discovery well and are continuing to have excellent drilling results. LES-1 is the most southerly well drilled so far on Block 405b and was located to evaluate a previously undrilled geological structure. The wireline logs indicate the presence of high quality sandstone reservoirs with excellent hydrocarbon saturation."

Summary of FCP's current field operations on Block 405b:

    LEC-1:   5.1 km west of MLE Field  Cased to total depth (TD) of 4,437
                                       42 metres of net hydrocarbon pay from
                                       wireline logs.
                                       Currently production testing.
                                       Final results anticipated in late
                                       September, 2004.

    MZLN-1   5.4 km west of LEC-1      Cased to TD of 4,460 metres.
                                       74 metres of net hydrocarbon pay from
                                       wireline logs.
                                       Production testing anticipated to
                                       commence mid September.

    LES-1    10.0 km SW of LEC-1       Cased to TD of 4,311 metres.
                                       60 metres of net hydrocarbon pay from
                                       wireline logs.
                                       Production testing anticipated to
                                       commence late September.

    MZLS-1   6.3 km SW of MZLN-1       Drilling at 2,200 metres.
                                       Expected TD of 4,500 metres late

    LEW-1    6.0 km west of MZLS-1     Site preparation under way.
                                       Drilling anticipated to commence mid
                                       September, 2004


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
OMS Data Integrity and Approval Technician Job
Expertise: CAD / CAM|Cartography / Mapping|Geologist
Location: Minneapolis, MN
College Intern Job
Expertise: Geoscientist|Student / Recent Grad
Location: Houston, TX
Asset Disposal Specialist
Expertise: Asset Management|Energy / Commodity Trading
Location: Crosby, TX
search for more jobs

Brent Crude Oil : $51.87/BBL 0.40%
Light Crude Oil : $47.64/BBL 0.56%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours