New World: Blue Creek Drill Finished by Mid-November
New World Oil and Gas announced Thursday that its Blue Creek No.2 well in Belize drilled to a depth of 9,282 feet Wednesday and that it expects total depth of 10,450 feet to be reached by Nov 18. 2012.
The well is drilling on the onshore B Crest prospect on New World's flagship Blue Creek Project that is located on the productive Petén Basin in Northwest Belize. The drilling program is on budget and in line with the company's geologic prognosis, it said.
New World reported last Thursday that the Blue Creek drill was ahead of schedule. The well is targeting un-risked P50 prospective resources of 92 million barrels of oil that are believed to be contained within B Crest.
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