We now have a confirmation well
and can begin fully developing the prospect.
The Akkaya well is the first confirmation well
drilled after the successful completion of the Company's Ayazli-1 well, which is located approximately 7 kilometers to the northwest, that was completed in September 2004.
OTCBB:TMXN), announced today that its recently completed field confirmation well
, South Alibek #1 (SA-1) flowed at a rate of 1,750 barrels of oil per day through an 11 mm choke with a flowing tubing pressure of 1,100 psi during testing over this past weekend.
This confirmation well
will test the Morrow and Chester formations at approximately 7,400 feet.
A further reassessment of the economies of a 200 MW facility may be undertaken on completion of the proposed confirmation well
This is a confirmation well
to the Federal 31-29, the initial well in the Gasco/Phillips program.
3 well was drilled to a depth of 13,200 feet, encountering the prospective Vicksburg intervals approximately 130 feet high to the field confirmation well
, the Brigham-operated Palmer State No.
Brigham retains a 50% working interest in this test, which is a confirmation well
on a structure with gross unrisked reserve potential of approximately 60 Bcfe.
2 confirmation well
in the Home Run Field in Brooks County, Texas, and declines in production volumes from a recently completed Frio well in Brazoria County, Texas.
2, a vertical confirmation well
to the CL&F No.
Based on the positive results of the A-7 Well, the Company has budgeted a confirmation well
to be drilled during 2000 to determine the extent of the productive reservoirs in the new fault block.
Chaparral's recent confirmation well
in the Karakuduk field located 70 miles to the southwest of License 953 indicates potential commercial production from the Jurassic formation.