Well No. 6 was re-entered and worked over earlier this year, and has been placed on production at a rate of 100 bopd from the Jurassic formation (591m to 596m). This Well produces on pump to a well site oil battery. Oil production is sold at the field under a short-term sales contract.
"We are pleased to start production from this Block," stated Mr. Al Sehsuvaroglu, the Company's President and CEO. "We intend to follow up with additional work-overs and new wells which will use the infrastructure which we have recently installed, which we believe will accelerate our ability to grow production from this Block."
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