The well has been logged and the presence of gas within three sandstone intervals totaling 11 meters of net reservoir within the prospective Sarmatian formation has been detected. Additional gas-bearing siltstone intervals of approximately 14 meters have also been identified at a level known to be productive in the nearby Roman gas field.
This well will now be suspended and the Dafora F-100 drilling rig moved to the second planned exploration well, RBN-3, which is located approximately 5 kilometers to the northwest. The completion and flow testing of RBN-4 will be undertaken with a lighter, lower cost, work-over rig once this equipment has been mobilized, which is anticipated prior to the end of 2007.
The RBN-3 well is also planned to evaluate a Sarmatian formation gas prospect and is estimated to take approximately 20 days to drill at a cost of approximately US$1.1 million. P> "Whilst it is too early to quantify the volume of gas that has been discovered and whether a commercial flow rate can be achieved, the results of the well are similar to those expected and are encouraging," said Neil Ritson, Regal's CEO.
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