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AWE's Jebel Al Milh-1 Encountered Gas & Oil

Source: www.gulfoilandgas.com 7/8/2010, Location: Middle East

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AWE Limited reports that the Jebel Al Milh-1 well was at a depth of 2,747 metres and drilling ahead in 121/4 hole in the Madbi Formation. While drilling through the Lam Member of the Madbi Formation, elevated gas and oil shows were encountered. Progress for the week was 151 metres.

Jebel Al Milh-1 is located 16 kilometres north-northeast of the Al Meashar-1 well, which recently discovered oil in the basement. The primary target is fractured Pre-Cambrian basement and the structure is well defined on 3D and 2D seismic. The well is expected to drill to a depth of approximately 3,700 metres.

The participants in Block 7 are: ARC Energy Holdings Ltd* 21.25%, Oil Search (ROY) Ltd (Operator) 34.00%, Kuwait Foreign Petroleum Exploration Co. (Aden) Ltd 21.25%, Yemen General Corporation for Oil and Gas 15.00% and Mitsui E & P Middle East B.V 8.50%.

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