Melrose Says Galata East Appraisal Well Successful

Melrose Resources reports the successful result of the Galata East appraisal well, drilled on the Galata Production Concession located offshore Bulgaria.

The well reached a total depth of 1,175 meters on September 17th. The relatively low permeability Palaeocene reservoir section was encountered from 1,109 meters to 1,119 meters with some gas shows and the main Kalaika reservoir was present from 1,119 meters to 1,133 meters with some good gas shows while drilling. The initial interpretation of the wireline logs is positive but the calculation of estimated additional gas reserves will depend upon the finally evaluated petrophysical parameters and the reservoir pressure.

In order to permit detailed evaluation of the data from Galata East, following the completion of operations on this well, the rig will next move to the location of the Samotino No.1 exploration well which lies to the south of the Galata field in the shallow-water, inshore area of the Block Kaliakra 99 exploration concession. Thereafter, the rig will return to drill the Galata East production well from the Galata platform.

Commenting on this, Robert Adair, Chairman, said:
"The successful result of the Galata East well has proved an extension to the Galata Field structure. We believe that the well has confirmed our pre-drill P90 reserves estimate of at least 20 Bcf and this will allow us to extend production life of the field at current plateau rates."