Drilling Contractor Unable to Meet Timetable for Block 17, Syria

Syria - Block 17
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Stratic Energy has announced that the drilling company contracted to drill the Al Tayr-101 well on Block 17 in Syria has advised that it is not able to meet the timetable set out in the drilling contract.

As a result, the contract has been terminated and alternate drilling rig arrangements later in 2009 are being sought.

Stratic has a 35.00% and operated interest in Block 17.


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