You are hereHome
Calibre Energy updates on Bina-Bawi 1 exploration well in Kurdistan
Source: BI-ME , Author: BI-ME staff
Posted: Thu February 22, 2007 12:00 am

IRAQ. US-based Calibre Energy has announced that the Bina-Bawi 1 exploration well was at a depth of 3,355 metres (11,007 feet) and has completed logging the lower part of the hole. Earlier in the drilling of the Bina-Bawi 1, oil was recovered from the drill string during a fishing operation from intervals in the Upper Cretaceous at the depths of 550 to 750 metres.

The joint venture has agreed to commence testing to determine the productive and commercial potential of at least three zones intersected by the well. Furthermore, the joint venture anticipates drilling the Bina-Bawi 2 appraisal well upon the completion of the Bina-Bawi 1 in order to evaluate and test the prospective intervals in the Upper Cretaceous.

Note: Headquartered in Washington DC with operating offices in Houston, Texas, Calibre Energy, is an early stage oil and gas company focused on the creation of shareholder value through the development of world class unconventional and untapped domestic and international oil and gas resources with domestic operations in the Barnett and Fayetteville Shales and international operations exclusively in Iraqi-Kurdistan.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 22, 2014
UAE. 47% of Middle Eastern respondents indicated that they are considering a proactive shareholder engagement policy which can open and sustain a productive dialogue with investors.
date:Posted: October 22, 2014
UAE. HSBC global expat survey highlights job prospects, better salaries, higher personal security as primary factors attracting expats to the country.
date:Posted: October 22, 2014
UAE. The total number of IPOs in Q3 2014 was lower than the previous quarter where we saw seven offerings. However, the total value in Q3 2014 was US$ 1.6 billion, which is a 78% increase in total value compared to Q2 2014.
dhgate