Rrainman: DNO.OL reason for the drop is the Yemen update.
DNO - YEMEN DRILLING UPDATE 09:55
DNO - YEMEN DRILLING UPDATE
Nabrajah
Nabrajah-5 in Block 43 Yemen is testing a fault block ca.
1.5 km south of the Nabrajah discovery. The well has now
been drilled to a depth of 2.501 meters. Preliminary
results from logging indicate that the Qishn S1A sand
contains hydrocarbon in thin sand beds with relatively poor
reservoir quality. If moveable oil, this proves a deeper
oil water contact than previously observed. The Qishn S2
sand is water bearing. Interesting hydrocarbon indications
and log responses were also observed in the Saar formation
carbonates. This zone is producing oil in the neighboring
blocks 10 and 14. The forward plan is to set casing and
drill into the basement interval to further appraise the
gas discovery in Nabrajah-2. Following further evaluation
of the Qishn S1A interval, the results from Saar formation
as well as results from drilling into basement, testing of
the well will be considered.
Tasour Area
The preliminary evaluation of the Tasour-16 results within
the western area of Tasour Field, indicate that the well
was penetrating the Qishn reservoir in a sub-optimal
location. The well was suspended for a future possible side-
track. Following the drilling of Tasour-16 the rig moved to
the Tasour-17 location testing a separate structure east of
the Tasour Field. As previously reported DNO sees a
potential for additional oil reserves within this area.
Tasour-17 has not yet penetrated the Qishn interval.
DNO ASA
10 March 2005
For further information, please contact:
Helge Eide
Managing Director.
Telephone: (+47) 55 22 47 00 / (+47) 23 23 84 80
AI
