Following the running of production casing over the weekend, the drilling rig will move to commence drilling on the second well in the shallow gas exploration program, Dos Dedos-1.
The shallow prospects to be drilled are analogues of historic prolific Frio and Vicksburg sands production in the project area at less than 2,000 meters depth. This program is a precursor to commencement of a drilling program on more substantial individual deep 30 to 200 BCF gas potential prospects forecast to commence mid year 2007.
Participants interests on completion of each of the wells in the program are:
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