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Interim Update on Workover of Well M-195

6th Mar 2017 07:00

RNS Number : 5493Y
Zenith Energy Ltd
06 March 2017
 

 

INTERIM UPDATE ON WORKOVER OF WELL M-195

 

Calgary, Alberta, March 6, 2017, Zenith Energy Ltd. ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE), the international oil and gas production company, is pleased to announce that the workover of Well M-195 is progressing at the Company's Muradkhanli field in Azerbaijan. 

Casing obstructions at 2,780 and 2,970 metres were successfully resolved in the last two weeks and the top of the production liner screen section was reached at 3,014 metres. Below the liner screen section, which is approximately 12 metres long (3,014-3,026 m), the well was completed open-hole for 43 metres to a total depth of 3,069 metres.

A restriction was encountered at the top of the screen section and the Company is waiting for additional equipment to be sent from Baku within the next week in order to eliminate the problem and reach the open-hole section.

Zenith is pleased with the performance of workover Team B and will provide a final update when the workover of Well M-195 is completed.

 

For further information, please contact:

 

José Ramón López-Portillo Chairman

Andrea Cattaneo CEO & President

 

Email: [email protected]

Telephone: +1 (587) 315-9031

Telefax: +1 (403) 775-4474

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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