Cheetah Oil & Gas Moving Ahead with Kuru Re-Entry Program

Kuru 3 Well
(Click to Enlarge)
Cheetah Oil and Gas says evaluation of recently available data has identified the initial re-entry well as Kuru#3 and not Kuru#2 as initially reported.

In conjunction with Halliburton Overseas Ltd, a subsidiary of Halliburton Co. and Parker Drilling Company, PNG "Cheetah" re-entered the Kuru#3 well on November 12th and reached a PBTD of 3630 feet by drilling out the cement plugs. The middle and upper Darai limestone was perforated. During these operations a review of current data confirmed that this first well was the Kuru #3 well. Open hole logs have indicated hydrocarbons and the well is currently shut in and being monitored for pressure build up.

The site of the next well, Kuru#2 is currently being prepared and a re-entry program is slated for the first quarter of 2006.

The Company is evaluating and exploring for energy resources on its five 100% - owned and operated Petroleum Prospecting Licences and one Petroleum Retention Licence of approximately 8.3 million acres in Papua New Guinea.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Well Monitoring Specialist
Expertise: Drilling Consultant|MWD / LWD|Well Control
Location: Houston, TX
Expertise: Drilling Superintendent
Location: Oklahoma, United States, OK
Field Service Technician - Warrior
Expertise: Maintenance Technician|Rig Mechanic
Location: Springtown, TX
search for more jobs

Brent Crude Oil : $51.38/BBL 2.44%
Light Crude Oil : $50.43/BBL 2.26%
Natural Gas : $3.14/MMBtu 0.94%
Updated in last 24 hours