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gmarc66

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gmarc66

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Monday, 05/31/2010 2:14:09 PM

Monday, May 31, 2010 2:14:09 PM

Post# of 7222
PKP.v big tank on news:
-----------------------------

PetroKamchatka to abandon Chernorechenskaya 1P well

2010-05-31 09:18 ET - News Release

Mr. Graeme Phipps reports

PETROKAMCHATKA PLC (TSXV: PKP) ANNOUNCES ABANDONMENT OF CHERNORECHENSKAYA EXPLORATION WELL

PetroKamchatka PLC has ceased drilling operations at the Chernorechenskaya 1P exploration well in Kamchatka, Russia, and plans to abandon the well. The well reached a total depth of 2,596 metres in basement rocks on the structure without encountering the target Snatol formation sandstones. Wireline logging operations will now be undertaken for confirmation. The company will evaluate the well results to date and use the information to determine future drilling plans.
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