Area Drilling

Georgia RepublicA joint venture of CanArgo Energy Corp., Calgary, and Ninotsminda Oil Co., 65% owned by CanArgo, produced 205,700 bbl of oil from Ninotsminda field in the 6 months ended June 30, 1999.AlbertaTethys Energy Inc., Calgary, is developing a discovery in the Girouxville area of northwestern Alberta and has established reserves of 1.5 million bbl of 38? gravity oil from the first four wells.Tethys, with 80% interest, drilled the discovery well in June 1998 in 12-28-76-22w5m. The field has produced more than 200,000 bbl of oil from Devonian Beaverhill Lake at about 8,000 ft. It is capable of 2,000 b/d and is producing its 880 b/d allowable.Pressure data indicate that the field is ...

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