ARCO Ghadames makes oil discovery in Algeria

Drucker Industries Inc., Vancouver, BC, reports that partner ARCO Ghadames Inc. has completed logging of its Semhari East-1 well at 3,900 m TD on the Hassi bir Rekaiz oil concession in Algeria. Petrophysical and reservoir formation data analysis are very encouraging, said Drucker, indicating the well encountered an oil reservoir over the two main producing horizons found in the region.

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