Mediterranean Oil & Gas Successfully Sidetracks San Mauro 2

Mediterranean Oil & Gas

Mediterranean Oil & Gas reports that logs and production tests from the San Mauro 2 DIR updip sidetrack well have been successfully carried out. The San Mauro 2 well is part of the San Mauro Gas Field, located onshore in central Italy.

The sidetrack well has intersected the main gas producing sands 12 meters updip of the original location in the San Mauro 2 DIR well. During production tests, rates between 10,000 and 15,000 scm/d were achieved on each of the three main reservoir levels with formation pressure of more than 45 bars. The San Mauro 2 well is 18% owned by MOG and the permit operator is Gas Plus Italiana.

The San Mauro Gas Field was first discovered in 1987 and gas production from the field began in 1993. Gas from the field (99.5% methane) flows to the Cellino gas treatment plant and is compressed into the Edison pipeline network

The operator is using the new results to update the reserves estimate for the San Mauro Gas Field. In MOG's Competent Person's Report contained in its Admission Document, RPS Energy estimated that the San Mauro Gas Field had 90 Mscm (100% basis) Proven and Probable gas reserves.

The Company's CEO, Giovanni Catalano, said:
"We are pleased with the results of the updip sidetrack well on San Mauro Gas Field. Together with the operator we have reviewed the remaining hydrocarbon potential within the field and proved up the additional upside on structural settings and the increase in the ultimate recoverable reserves for the field. This sidetrack is part of an ongoing reserves enhancement program for the Company's Italian producing assets."