Wire line logging shows 8m of net oil pay in line with expectations. The next well in the series, Snezhnaya 139 is anticipated to be spudded in approximately 2 weeks.
When all four wells on Snezhnaya have been drilled they will be completed with stimulation by fraccing and then put on production during Spring 2006, forming part of Imperial's seven well early production scheme for the Snezhnaya Field.
Work on the production facilities in Block 77 is on track and progressing very well.
Peter Levine, Chairman, Imperial Energy Corporation PLC commented:
This together with the other new wells at Snezhnaya will enable us to prove up the Field reserves and move some of the 2P category reserves into 1P reserves."
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