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Matra Spuds second Russian exploration well Arkhangelovskoe – 11

Source: www.gulfoilandgas.com 1/3/2008, Location: Asia

Matra Petroleum announced that the Arkhangleovskoe - 11 exploration well on the Arkhangelovskoe License in Orenburg, Russia, spudded on December 30th 2007. The well will test the undrilled Laptevskaya structure on the western edge of the License area. The well will be drilled to 3850m and is expected to take around 120 days in total and to cost $4.5 million. The well is targeting 5 horizons in the Carboniferous and Devonian below 3100m. As the well is testing a new structure, extensive coring, logging and testing may be carried out in the prospective zones below 3100m the first of which should take around 60 days to reach.

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