By OGJ editors
HOUSTON, Mar. 25 -- First Calgary Petroleums' (FCP) Ltd.'s fourth appraisal well in MLE field in eastern Algeria, confirmed MLE's southward extension over a large area within Ledjmet Block 405b. MLE-4 encountered five hydrocarbon zones with cumulative net pay over 56 m.
On test, the well flowed 23 MMcfd of natural gas and 1,223 b/d of condensate from the Carboniferous F1A at 2000 psi. MLE-5 production testing should begin shortly, after which development can begin. Production is to start in 2007.
In late March FCP will drill west of MLE field with LEC-1, and also plans to start drilling ZCH-1, the second Yacoub Block 406a well.