Calvalley Petroleum, Operator of Block 9, in the Republic of Yemen, reports that drilling operations at the Daysah-1 exploration well have
commenced. Daysah-1 is located approximately 9 kilometers NW from the middle
of the Hiswah oil pool and will test the Saar/Naifa Formation limestone, which
is productive at Hiswah, possibly resulting in an extension of the same pool.
In addition, the well will also test deeper reservoir targets in both the
Shuqra and Kohlan Formations, in which oil was found at the Auqban discovery
which lies approximately 7 km to the west of Daysah-1, along the same fault
Calvalley is also pleased to report that the acquisition of 63 sq km of
3D seismic data over the Hiswah oil pool is underway, on schedule and on
budget for completion by late July. As well, the Company has initiated the
acquisition of 200 km of 2D seismic data over several high impact exploration
prospects and leads.