Hungary

Oct. 17, 2006
Toreador Resources Corp., Dallas, plans to drill three exploration wells and reenter two existing wells on its 100% owned Tompa Block in southern Hungary by the end of 2006.

By OGJ editors

HOUSTON, Oct. 17 -- Toreador Resources Corp., Dallas, plans to drill three exploration wells and reenter two existing wells on its 100% owned Tompa Block in southern Hungary by the end of 2006.

The exploration wells will evaluate separate oil and gas prospects in Pannonian, Miocene, Cretaceous, and Triassic targets. The reentries will be used to establish early production and evaluate similar plays elsewhere in the country.

The Ba-K-1 exploratory well, evaluating an oil play in Miocene and Triassic, has spudded in a fault block separate from and adjacent to a well that produced oil from formations of both ages. It is projected to 6,600 ft.

The other two wildcats will seek gas in a Cretaceous limestone at 5,000-6,000 ft and a Pannonian sandstone at 4,000 ft.

A second rig is to reenter the KIHA-15 well, drilled by the former state company MOL in 1988, and suspended after testing gas from Miocene. The second reentry is a 1992 MOL well that tested gas from a Cretaceous limestone.