I didn't find this article. Posting for another Outcast member. The blue lines state that the U.S. news services should not be given the information. News black-outs, as many have been speculating:
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Heritage Oil Announces the Completion of Testing the Miran West-1 Discovery in the Kurdistan Region of Iraq
Monday, Aug 17, 2009
CALGARY, ALBERTA--(Marketwire - Aug. 17, 2009) -
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces the completion of testing the Miran West-1 discovery in the Kurdistan Region of Iraq.
Highlights
- Testing has been completed and a flow rate of 3,640 bopd was recorded from a single reservoir interval
- The test flow rate was restricted by surface equipment capacity, with an estimated productive potential of between 8,000 and 10,000 bopd achievable when this well is placed on production
- Attempts were made to test deeper intervals but the formations were too badly damaged by the initial drilling operations
- The Miran West-1 well has been suspended as a future producer-
The Miran West-2 appraisal well is scheduled to commence drilling in the fourth quarter. This well is expected to intersect the same reservoir intervals as were encountered in the Miran West-1 well
.
The Miran West-1 tests did confirm both the high potential well productivity and the presence of an extensive fracture network.
The rig will now move approximately 4 km north east to commence drilling the Miran West-2 appraisal well in the fourth quarter. The knowledge and experience gained from the first well will allow the Miran West-2 well to be drilled to optimally production test all reservoir intervals.
Tony Buckingham, Chief Executive Officer, commented:
"We are very encouraged by this result in a well where the lower formations were badly damaged through drilling. Miran West-1 was the first wildcat exploration well ever drilled on this licence covering two structures which together total approximately 320 square kilometres. The well had to be drilled in accordance with good oilfield practice in a region characterised by high pressure and hydrogen sulphide. We have gathered important information which will be invaluable in advancing our forward programmes on this significant discovery beginning with the Miran West-2 appraisal well."
Heritage Energy Middle East, a wholly-owned subsidiary of Heritage, is operator and holds a 75% interest in the Miran Block, with Genel Energy International Limited holding 25%. The Miran Block contains two large structures, Miran West and Miran East, which have been mapped from the 332 kilometres of excellent quality seismic data acquired by Heritage between April and June 2008.
Notes to Editors
- Heritage is listed on the Main Market of the London Stock Exchange and is a constituent of the FTSE 250 Index. The trading symbol is HOIL. Heritage has a further listing on the Toronto Stock Exchange (TSX: HOC).
- Heritage is an independent upstream exploration and production company engaged in the exploration for, and the development, production and acquisition of, oil and gas in its core areas of Africa, the Middle East and Russia.
- Heritage has a producing property in Russia and exploration projects in Uganda, the Kurdistan Region of Iraq, the Democratic Republic of Congo, Malta, Pakistan, Tanzania and Mali.
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Heritage Oil Announces the Completion of Testing the Miran West-1 Discovery in the Kurdistan Region of Iraq
Monday, Aug 17, 2009
CALGARY, ALBERTA--(Marketwire - Aug. 17, 2009) -
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, announces the completion of testing the Miran West-1 discovery in the Kurdistan Region of Iraq.
Highlights
- Testing has been completed and a flow rate of 3,640 bopd was recorded from a single reservoir interval
- The test flow rate was restricted by surface equipment capacity, with an estimated productive potential of between 8,000 and 10,000 bopd achievable when this well is placed on production
- Attempts were made to test deeper intervals but the formations were too badly damaged by the initial drilling operations
- The Miran West-1 well has been suspended as a future producer-
The Miran West-2 appraisal well is scheduled to commence drilling in the fourth quarter. This well is expected to intersect the same reservoir intervals as were encountered in the Miran West-1 well
.
The Miran West-1 tests did confirm both the high potential well productivity and the presence of an extensive fracture network.
The rig will now move approximately 4 km north east to commence drilling the Miran West-2 appraisal well in the fourth quarter. The knowledge and experience gained from the first well will allow the Miran West-2 well to be drilled to optimally production test all reservoir intervals.
Tony Buckingham, Chief Executive Officer, commented:
"We are very encouraged by this result in a well where the lower formations were badly damaged through drilling. Miran West-1 was the first wildcat exploration well ever drilled on this licence covering two structures which together total approximately 320 square kilometres. The well had to be drilled in accordance with good oilfield practice in a region characterised by high pressure and hydrogen sulphide. We have gathered important information which will be invaluable in advancing our forward programmes on this significant discovery beginning with the Miran West-2 appraisal well."
Heritage Energy Middle East, a wholly-owned subsidiary of Heritage, is operator and holds a 75% interest in the Miran Block, with Genel Energy International Limited holding 25%. The Miran Block contains two large structures, Miran West and Miran East, which have been mapped from the 332 kilometres of excellent quality seismic data acquired by Heritage between April and June 2008.
Notes to Editors
- Heritage is listed on the Main Market of the London Stock Exchange and is a constituent of the FTSE 250 Index. The trading symbol is HOIL. Heritage has a further listing on the Toronto Stock Exchange (TSX: HOC).
- Heritage is an independent upstream exploration and production company engaged in the exploration for, and the development, production and acquisition of, oil and gas in its core areas of Africa, the Middle East and Russia.
- Heritage has a producing property in Russia and exploration projects in Uganda, the Kurdistan Region of Iraq, the Democratic Republic of Congo, Malta, Pakistan, Tanzania and Mali.