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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (265911)	12/23/2005 4:24:14 PM
From: tejek	Respond to of 1574002

The Kurds have to be loving this news. All the revenue from this well goes directly to them and not the central gov't. Drilling Status, Northern Iraq The first well within DNO's PSA's located in the Kurdish area of Northern Iraq, Tawke # 1 has encountered movable oil at the top of the first prospective reservoir interval. Tawke # 1, which was spudded on 28th November 2005 has reached first prospective reservoir interval at approximately 350 meters. While drilling into the top of the reservoir section the well took influx of oil under pressure. The oil was circulated out and flared off in a controlled manner. Samples of the oil were taken confirming an API gravity of approximately 24 API. This API grade corresponds to oil produced from other fields at similar reservoir level in Northern Iraq. The forward plan is to continue drilling the full reservoir section, which could be up to 800 meters thick according to the prognosis. Thereafter wireline logging will be undertaken to evaluate the reservoir with respect to reservoir characteristics and movable oil content. DNO is the Operator of the PSA with a 40 % beneficial interest. DNO ASA 22 December 2005 Contact: Helge Eide Managing Director. Telephone: (+47) 55 22 47 00 / (+47) 23 23 84 80 uk.biz.yahoo.com