Otis Energy announce Sombrero project drilling update

Wednesday, March 14, 2012
  • Mudlogging operations began at 3,500 feet (1,066 metres) and will continue to target depth of 11,600 feet.

Otis Energy Limited (ASX: OTE) provide the following update on progress at its Sombrero project (Otis Energy 5% WI, 3.75% NRI).

The WC 35 State # 1 is currently at a depth of 4,397 feet (1,340 metres) after 14 days of drilling.

Mudlogging operations began at 3,500 feet (1,066 metres) and will continue to target depth of 11,600 feet.

This WC 35 State # 1 Well will test the Wolfcamp/Cisco formations at a total depth of approximately 11,600 feet (3,540 metres). This well is expected to take between 35 to 40 days from spud to reach target depth.

Updates will be provided to the market on a weekly basis until target depth is reached or as and when material information on drilling should be released to the market.

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

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • 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

Tech Talk - Pessimistic Talk in a time of surplus

by David Summers

Read More »