Petroceltic announced that well AT-1, the second operated well in the current drilling campaign on the Isarene Block in the Illizi basin of Algeria, has been successfully drilled to its target depth of 2118 meters.
The well was targeting the Ordovician sands in the Ain Tsila Ridge structure and was completed on prognosis and on budget. Wireline log information and drilling data have confirmed gas bearing intervals in the objective Ordovician sands, which are in line with expectations.
Brian O'Cathain, Chief Executive of Petroceltic, commented, "We are pleased that our Isarene drilling operations are on time and on budget. The AT-1 logs look encouraging and we look forward to well test results in the near future."
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