SOCO's Mongolian exploration program seen as encouraging

10/29/2001
SOCO International PLC, London, has concluded its four-well 2001 drilling program in the Tamtsag basin in Mongolia, OGJ Online reported.Ed Story, CEO and President of SOCO, said, "The 2001 drilling campaign in Mongolia confirmed the value of 3D seismic and repeated the 75% wildcat success rate of the previous year. With the drilling success of a Chinese company just across the border from our project in the Tamtsag basin coupled with our success, we expect interest in the project to grow significantly."The 19-13 and 19-14 wells were completed and fracture-stimulated in the Tsagaantsav zone (OGJ, Dec. 7, 1992, p. 39). "Although only portions of the indicated productive intervals were perfo...
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