Stratic has commenced drilling operations at the Al Tayr-101 well on the Jebel Nasrani prospect located in Block XVII in the Palmyride Basin of southwest Syria. The well was spudded with an AMAK rig on October 7, 2009. Stratic has a 35% percent interest in Block XVII and is operator of the block which covers an area of approximately 5050 square kilometers.
The Al Tayr-101 exploration well is targeting Triassic Kurrachine carbonates, which are the main gas bearing reservoirs in the gas fields to the north of this area. The well is estimated to take 80 days to drill to a total depth of approximately 3000 meters. The Jebel Nasrani prospect is one of eight prospects that have been identified in Block XVII from a seismic work program that included the acquisition of 1105 kilometers of new seismic data and the reprocessing of approximately 1500 kilometers of legacy seismic data.
Dr. Mark Bilsland, Chief Operating Officer, commented, "We are looking forward to the results of this exploration well which is designed to test the full sequence of the Kurrachine reservoirs at the Jebel Nasrani prospect. If successful, there is additional follow on potential in the 7 other mapped prospects at Kurrachine level."
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