Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KPY - Carpatsky Petroleum -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (2)	3/10/1998 8:38:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 10

Carpatsky Announces Well Test Results . CARPATSKY PETROLEUM INC. (ASE:KPY) is pleased to announce the test results of its first completed gas condensate well No. 106 in the Rudovsko-Krasnozavodskoye (Chervonozavodskoye) gas condensate field located in the Dnepr-Donetz basin in Eastern Ukraine. KPY and its partner, Poltavanaftogaz, a local subsidiary of the Joint Stock Company Ukrnafta, perforated a 34.5m (114') section in the well's main producing reservoir (B-22) and opened up the well for testing on various chokes sizes. The following results were obtained: Choke size Flowing tubing pressure Flow rates per day (mm) (psi) million CF 12 2537.5 13.95 10 2827.5 10.66 9 3088.5 9.22 8 3422 8.03 6 3828 5.08 Based on the above data absolute open flow potential of the well was calculated as 23.64 million cubic feet of gas per day. Production will begin on a 9 or 10 mm choke at the rate of 9.22 to 10.66 million cubic feet of gas per day and 100 to 120 bbls of condensate per day as soon as the drilling rig is moved to our next wellsite, No. 112. The same size chokes are presently used on several other producing wells in the field. In addition to the tested B-22 reservoir well No. 106 has three additional producing horizons behind pipe. They are, in ascending order: B-21 @ 4805 m, B-20 @ 4756 m and B-16 @ 4285 m. These will be put on production after the depletion of the main B-22 reservoir.