FCP reports gas-condensate well test results in Algeria

By OGJ editors
HOUSTON, Dec. 28 -- First Calgary Petroleums Ltd. reported production test results from exploration well MZLS-1, on FCP's 100% held Ledjmet Block 405b in Algeria.

Test results confirmed 19,422 boe/d of natural gas and condensate, which includes 72.6 MMcfd of gas and 7,321 b/d of condensate, normalized to 2,000 psi flowing wellhead pressure.

The combined production test results from nine wells on Block 405b, including MZLS-1, total about 196,000 boe/d.

Engineering firm DeGolyer & MacNaughton is assessing reserves on Blocks 405b and 406a. Reserves estimates are expected by yearend.

FCP currently is testing the LEW-1 exploration well and drilling two appraisal wells on Block 405b: LES-2 and MLE-6. The LEW-1 test results and the LES-2 logging results are expected this month. The MLE-6 logging results are slated for January.

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