Progress in Poland - Łebień LE1
23/03/2011 – During the course of the last 6 months of 2010 and the first quarter this year, we have successfully drilled, cored and carried out testing on 2 vertical wells in our Baltic Basin acreage, under the carry provisions of the agreement reached with ConocoPhillips in August 2009.
Our first well on the Lębork concession (Łebień LE1) underwent a single stage fracture stimulation in November 2010 followed by a period of testing. This included a limited amount of flaring.
What now needs to be established is the likely volumes of gas that can be produced from a well with a horizontal section and a multi-stage frac - we have further drilling activity planned with ConocoPhillips for the Baltic Basin this year, scheduled to commence in early Q2 to progress this.
Any queries should be directed to:
Peter Clutterbuck or Kamlesh Parmar
tel: +44 1624 811 611