To: Goose94 who wrote (7202 ) 6/20/2014 7:35:05 PM From: Goose94 Respond to Petromanas Energy (PMI-V) June 20, '14 today provided a further update on the drilling of the Molisht-1 well onshore Albania. The well is located on blocks 2-3, in which the company holds a 25-per-cent working interest and is the operator, with Shell holding the remaining 75-per-cent interest.As previously announced, the company encountered a carbonate structure at a depth of approximately 4,174 metres and elected to case and cement the well, putting approximately 900 metres of unstable flysch shale behind pipe prior to drilling ahead. The Molisht-1 well penetrated around 250 metres of Eocene carbonate section before encountering a lower flysch shale zone. Based on encouraging logging-while-drilling results in the upper Eocene carbonate, the company elected to run intermediate wire-line logs. The borehole image analysis revealed sections within the Eocene containing natural fractures. The prospective carbonate reservoirs in Albania are the Eocene, Paleocene and Cretaceous, with the Cretaceous being the primary target.
