Dragon Oil Completes, Tests Turkmen Well

Dragon Oil has completed and begun initial testing of the Dzheitune (Lam) 28/147 development well in Turkmenistan. The well, drilled to a depth of 11,155 feet (3,400 meters) on a single completion basis by the NIS rig, was tested on a 24/64-inch choke. It flowed at an initial rate of 2,451 bopd with a wellhead flowing pressure of 1450 psi. The rig skidded to the next slot on the Lam 28 platform and spudded the Lam 28/149 well. The company remains on target to complete 11 new wells in 2010. The Lam oil field is situated on Block 2 in the Cheleken Contract area offshore Turkmenistan, which Dragon Oil wholly owns and operates.

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