Amity Oil Spuds Adatepe-1 Well
Amity's fourth well in Turkey in 2003, the Adatepe-1 wildcat exploration well, spudded last Friday. The well has reached a depth of 482 meters in 17-1/2 inch diameter hole. Primary gas targets are predicted at 1190 meters and 1206 meters in Danismen Formation sandstones. Secondary gas targets are predicted in Osmancik Formation sandstone between 1490 meters and 1650 meters. Proposed total depth (TD) is 1700 meters. As expected, background gas during drilling of this section was zero to trace levels.
Operations in the next 2 –3 days are expected to be: drilling to 720 meters, running surface casing, cementing casing, installing well head and blow-out-prevention equipment and testing of all well safety equipment, prior to drilling ahead to the next casing point.
The Adatepe-1 well is located approximately 6 kilometers southeast of the Gocerler Gas Field and about 140 kilometers west of Istanbul, in the Thrace Basin, Republic of Turkey. Adatepe-1 is positioned to test a structure, well defined by 3D seismic, which exhibits amplitude anomalies ("bright spots") coincident with structural closure. Such bright spots can be direct indications of gas and similar bright spots occur in seismic over the Gocerler Gas Field. Based on the seismic mapping and assuming reservoir properties are similar to those in the Gocerler Field, Amity has estimated unrisked potential recoverable natural gas reserves in the most likely case (P50), at 93 billion cubic feet, if gas is present. This estimate includes both the Danismen and Osmancik Formation targets.
Primary gas targets are predicted at 1190 meters and 1206 meters in Danismen Formation sandstones. Secondary gas targets are predicted in Osmancik Formation sandstone between 1490 meters and 1650 meters. The seismic also indicates several potential secondary gas targets between 842 meters and 1190 meters. Proposed total depth (TD) is 1700 meters and is anticipated to be reached in 17 days (trouble-free). The well drilling and oilfield-cementing contractor is TPAO. The drilling rig is a Upetrom 2DH F200, (Romanian manufacture, up-graded by TPAO) and is the same rig that was used by Amity to drill the successful Gocerler-2, 3 and 4 gas wells.
The Adatepe-1 well is located in Thrace Joint Venture Area A, and is operated by Amity Oil International Pty Ltd, a subsidiary of Amity Oil Limited. Amity and Turkiye Petrolleri AO (TPAO) hold equal equity in the JV.
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