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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8425)	1/13/1998 1:32:00 AM
From: Kerm Yerman	of 15196

FIELD ACTIVITIES - TOP 21 LISTED / Talisman Energy North Sea Well Tests At 40MMCF/D ARCO North Sea gas find tests 40 MMCF/day NEW YORK, Jan 12 (Reuters) - ARCO British Ltd's recently drilled 14/26a-6 well in the Central U.K. North Sea flowed over 40 million cubic feet per day of natural gas in tests which were limited by surface facilities, the Atlantic Richfield Co subsidiary said in a statement made available in New York. The flow came at a tubing pressure of about 1,800 pounds per square inch and included an undisclosed condensate rate, the statement continued. ARCO said it plans to suspend the well, the second in its latest Central North Sea drilling campaign, in preparation for field appraisal and development activity. ''We have further work to do to quantify the reserve size, but we are optimistic it will be large enough to warrant commercialization,'' said Tom Murphy, ARCO British Ltd's Development Engineering Manager. ''We plan to drill an appraisal well as soon as practical in 1998.'' ARCO British Ltd said it is operator and has a 75 percent interest in the field. Talisman Energy Inc (NYSE:TLM - Toronto:TLM) has a 25 percent interest.

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