Santos Hits Potential Oil Pay in Barta North-1
The Directors of Bow Energy Ltd announced announced they have been advised by Santos Limited, the operator of the ATP 752P Farmin Joint Venture (15% Bow after farmin completed), that the Barta North-1 oil exploration well encountered potential oil zones and has been cased and suspended for future testing next during the upcoming quarter.
The Barta North-1 exploration well targeted the Murta sandstone approximately 4 kilometers west-south-west of the Cuisinier]1 Murta sandstone oil discovery. The Barta North-1 well encountered a strong oil show with up to 4.5 meters of net pay interpreted in the Murta sandstone. The Murta sandstone reservoir at Barta North-1 may be similar to the Cuisinier-1.
Murta sandstone reservoir which is currently producing. Deeper in the well, a moderate oil show was seen over a 6 meters interval within an intra-Birkhead sandstone. Both zones in Barta North]1 will be further evaluated by cased hole testing to determine
production capabilities with the operator planning to carry out testing during the first quarter of 2011.
Bow Energy participated in the drilling of Barta North]1 at no cost and will contribute 15% of the cost for production casing and cased hole testing.
The drilling rig has mobilized to the Cuisinier-2 well location, an appraisal well for the Cuisinier Oil Field, which spudded over the weekend. Bow is fully carried on the drilling of the Cuisinier-2 well.
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