First Calgary Petroleums Ltd. (“FCP”) has announced the completion of the MLE-5 well, the fifth successful gas well located on the 100% held Ledjmet Block 405b in Algeria.
The MLE-5 appraisal well has been drilled and logged to a depth of 4437 metres identifying net
hydrocarbon pay of 55 metres, confirming the eastward extension of five main hydrocarbon pay
zones plus one new zone for a total of six pay intervals. The MLE-5 well was drilled 1.3 km east
of the MLE-3 gas and condensate well drilled by FCP in 2003. The well is particularly significant
in that it was drilled to test both the eastward extent of the MLE field and the hydrocarbon
potential of a previously undrilled fault block. FCP will proceed with a 40 day production test of
all six horizons in the MLE-5 well as soon as equipment is moved on location.
