Continental Focus, International Reach

Petroceltic Drilling Ahead in Egypt

Saturday, May 10, 2014

Petroceltic reported that the drilling of an exploration well on the South Dikirnis prospect in Egypt commenced on May 2. The well is being drilled using the EDC-9 rig and is targeting a potential oil and gas bearing prospect within the West Dikirnis license adjacent to existing facilities and infrastructure.

The South Dikirnis prospect has a gross mean unrisked prospective resource of 7.6 million boe. The well is currently drilling ahead at 1,042 meters measured depth, with total depth expected at 2,895 meters. The well is scheduled to reach total depth in early-June.

Petroceltic is the operator of the West Dikirnis license with a 100% interest.


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