Altima provides drilling update

Thursday, December 8, 2011
  • Altima Resources provides BLZ et al DD Rainbow 13-11-111-05W6M well drilled depth 1,732 meters.
  • Altima controls oil and gas rights on 3,040 acres in the Rainbow B2B pool area.

Altima Resources Ltd. reports that the BLZ et al DD Rainbow 13-11-111-05W6M well was drilled to a total depth of 1,732 meters and abandoned. Testing indicated the hydrocarbons encountered were not commercial at the subject location. Altima and its partners control oil and gas rights on 3,040 acres in the Rainbow B2B pool area. Further evaluation and a technical review of the area will be conducted to determine if additional offset drilling is warranted.

ON BEHALF OF THE BOARD

Richard Switzer, President and CEO

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

» More Jobs       » Upload a free Job       » Upload your CV

  • Labourers with Transport

    Salary £9.00 per hour   |   Trades  |  Scotland, North Lanarkshire

  • Drilling Superintendent

    Salary negotiable   |   Drilling  |  Netherlands

  • QA Manager

    Salary £Neg hourly rate   |   Quality / Inspection  |  Central London

  • Senior Slickline Expert

    Salary €50000 - €90000 per annum, Benefits: accommodation, relocation, furnishing, international schooling, 1 flight home per annum   |   Drilling  |  Vienna, Austria

  • Project Engineering Manager

    Engineer - General  |  England, Surrey

  • Anchor Foreman

    Salary Negotiable rate   |   Maritime  |  England, London

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Eight pieces of our oil price predicament
    A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so ...
  • Give us a break...
    I see that Oil & gas UK has been talking again about the need for George Osborne to ‘put his money where his mouth is’ (I paraphrase!) and change the fiscal terms operati ...
  • Why it's different this time
    Is this downturn in oil prices going to be different for investors? I think it might. In fact, I think North American energy companies have a good chance of withstanding th ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Mastering 4D Seismic
Ian Jack, London, 06 Nov 2014

Petroleum Geology of West Africa
Duncan Macgregor, London, 12 Nov 2014

Introduction to Contingency Planning: The value to oil and gas companies in high-risk areas
Mark Theobald, London, 18 Nov 2014

All Upcoming Training


Opinions & Commentary

Flash blog, Oil price, BG

by Malcolm Graham-Wood

Read More »