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Monday, September 17, 2007

West Siberia double for Imperial

04 September 2007 - Upstream OnLine - Imperial Energy has hit oil with the North Chertalinskoye-403 and Nyulginskoye-2 wells, in West Siberia. Imperial said North Chertalinskoye-403 could tap potentially substantial oil deposits. "The reservoirs are in the Bajenov, Jurassic and Tyumen sections with net oil pay in aggregate estimated at 68 metres identified through logs and cores," Imperial said in a drilling update. The Tyumen section will be flow-tested later this month, with other zones pencilled in for testing later this year. Nyulginskoye-2 hit what Imperial described as promising oil intervals in the Cretaceous and Tyumen sections. The company estimates net oil pay of about seven metres. Logging and coring has been carried out, with flow-testing planned for later this month. 7

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