Transglobe Announces New Field Discovery In Yemen

Source: www.gulfoilandgas.com 2/23/2006, Location: Middle East

TransGlobe Energy Corporation announced a new oil discovery well on Block 32 in Yemen (13.81% working interest). The Godah #1 well was drilled to a total depth of 1,841 meters and completed as an oil well. Godah #1 tested a 4.0 meter Qishn sandstone section at a flowing rate of 1,839 barrels of oil per day and 4.4 million cubic feet of gas per day. No water was produced with the oil. This is the first well drilled on the Godah structure.

An appraisal location, Godah #2, approximately 1,100 meters to the northeast is expected to commence drilling in approximately four weeks. The appraisal well should encounter the reservoir sands further down structure to evaluate the position of the oil/water contact.

Godah #1 is the first of twelve exploration wells planned for 2006 on TransGlobe's four international projects. Development drilling is also planned for Block S-1 in Yemen and for the Canadian properties. TransGlobe's 2006 budget is expected to be funded entirely from cash flow and working capital.


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Related Categories: General  Hydrostatic Testing  Inspection  Laboratory Services  Non Destructive Testing  Testing 

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