First Calgary taps oil and gas in Algeria

June 6, 2005
First Calgary Petroleums Ltd. (FCP), Calgary, has cased as a potential oil and gas well the ZCHW-1 on Rhourde Yacoub Block 406a in Algeria.

By OGJ editors

HOUSTON, June 6 -- First Calgary Petroleums Ltd. (FCP), Calgary, has cased as a potential oil and gas well the ZCHW-1 on Rhourde Yacoub Block 406a in Algeria.

ZCHW-1, drilled 9.6 km southwest of the FCP-Sonatrach ZCH-1 discovery, encountered 28 m of net hydrocarbon pay over several formations in the Carboniferous and Upper Devonian.

It confirms the southwest extension of a structural trend larger than 125 sq km on Block 406a. The 3D seismic data and drilling results indicate a large prospective area in this trend.

Testing of the ZCHW-1 well will be delayed to coincide with other completions and testing operations. FCP plans to drill later this month RTN-1, 5.3 km north of ZCH-1, targeting a separate structure.