AED stated that log results confirmed that oil was intersected in "excellent quality" lat Cretaceous Sandstone at a depth of 2414m and that the reservoir sandstone is of a similar high permeability to that encountered in Puffin-5.
Puffin-7 intersected the reservoir about 400m north o the Puffin-5 intersection point, which tested oil in June 2000.
The Stena Clyde is currently drilling Puffin-7 ahead in an 8-1/2" hole at a depth of 2854m. The will also 340m along a planned 400m horizontal section.
AED, which wholly owns and operates the well, said it expects to know the results form initial clean-up flows and production testing in about two weeks times.
Meantime, the company says it is continuing to evaluated the drilling results received to date, and the Puffin-7 reserves, including a an evaluation of the location of the crest of the reservoir and its height above the intersection point.
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