Area Drilling

July 9, 2007

Myanmar

Thailand’s PTT Exploration & Production PLC gauged a combined gas flow of 53.83 MMcfd at the latest appraisal well drilled in Block M9 in the Gulf of Martaban off Myanmar.

Kakonna-2 was drilled to a TD of 2,607 m and encountered eight zones of gas bearing formation a total of 47 m thick. Tubing stem tests were conducted on two zones, indicating maximum flow rates of 25.7 MMcfd and 28.1 MMcfd, respectively.

The well follows a successful drilling campaign earlier this year (OGJ Online, May 23, 2007). PTTEP will drill two appraisal wells in the block, Zawtika-5 and 6, in July.

Mississippi

Odyssey Petroleum Corp., Vancouver, BC, plans to drill two 11,500-ft wells this year in Pelahatchie field, Rankin County.

One well is to be drilled in 18-5n-5e, to tap 200 ft of known oil and gas bearing formations behind pipe in the Harold Karges well in the same section. The other well is to be an infill well in 7-5n-5e, where Odyssey said geological and engineering studies indicate that more than 100 ft of oil and gas pay will be encountered.

Cretaceous Hosston is the deepest of the formations expected at the two wells. The company plans to propose a name change at its annual meeting Aug. 20 and may seek registration in the US.