30th Aug 2006 07:02
Petroceltic International PLC30 August 2006 Petroceltic International Plc ("Petroceltic") Algeria Drilling Update Petroceltic is pleased to announce that its first operated well in Algeria, ISAS1, has been successfully drilled to its target depth of 2,350 meters throughmultiple targets in the Carboniferous, Devonian F2 and Ordovician zones.Wireline logs and drilling data have identified hydrocarbon bearing intervals inthe Carboniferous and Devonian F2 zones which will now be flow tested. Testingoperations, which will commence in the next day or two, are anticipated to takeapproximately 2 weeks. The above information has been reviewed and verified by Mr. John Craven,Director and Chief Executive Officer of Petroceltic, for the purposes of theGuidance Note for Mining, Oil and Gas Companies issued by the London StockExchange in March 2006. Press queries to: John Craven / Philip O'QuigleyPetroceltic International plcTel: (01) 495 9285 Ronnie SimpsonSimpson FT PRTel: +3531 260 5300 Billy CleggFinancial DynamicsTel: +442072697157 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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