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Chinook Provides Tunisian Exploration Update

Source: www.gulfoilandgas.com 4/17/2012, Location: Africa

Chinook Energy Inc announces that the BJA 2 exploration well, located on the Sud Remada permit onshore Tunisia, was plugged and abandoned on April 15, 2012 after reaching a total depth of 1,702 metres. The Ordovician reservoirs were encountered structurally lower than forecast and were wet. The BJA 2 well fulfills all outstanding exploratory drilling commitments on the permit and the partners will incorporate the well results before proposing the next exploration location planned for late 2012 or early 2013.

The Foradex 14 drilling rig will begin moving to the TT16 horizontal development well on the Bir Ben Tartar (“BBT”) Concession within the next 10 days. The TT16 well is the first horizontal test on the BBT field and is planned to have a 1,000 metre horizontal section followed by an eight stage completion. Drilling and completion operations are expected to commence within 25 days and be completed in June 2012.

Partners in the BJA 2 well and the upcoming TT16 horizontal well are Chinook (86%), through an indirect wholly-owned subsidiary, and Cygam Energy Inc. (14%), through its subsidiary.

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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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