Condor's Shoba-2 Appraisal Well Flows Up to 1,080 Barrels Per Day of 35 Degrees API Gravity Oil
Condor Petroleum Inc. ("Condor" or the "Corporation") (TSX: CPI) is pleased to announce that it has successfully completed and performed an initial flow test of the Shoba-2 appraisal well in Kazakhstan.
The Shoba-2 well initially flowed without a choke at rates up to 1080 barrels per day and 100 psi surface pressure. With a 10 mm choke inserted, a stabilized flowrate of 530 barrels per day with 500 psi of surface pressure was realized during a two day period. An 8.0 meter oil zone interval was perforated and yielded a 35 degrees API oil gravity, which is the same oil gravity that was recovered from the Shoba-1 discovery. No water was produced on either Shoba-1 or Shoba-2.
- Published: 25 May 2011
- Written by Editor