Completion of Jaguar Well
Rocksource ASA announces that the consortium consisting of DNO UK Ltd, Elixir Petroleum Ltd, and Rocksource, has completed the drilling and final logging of Northern North Sea well 211/22b- 5, located on the Jaguar prospect on the United Kingdom Continental Shelf.
Following the announcement of 28 February 2006 providing negative information on the Upper Jurassic target, the well was drilled to a total depth of 13,050 feet (3,977 metres) by the Bredford Dolphin drilling rig.
Oil shows were observed over a 55 ft (17m) interval within the Middle Jurassic formations. However, obtaining representative fluid samples proved difficult due to low permeability. Consequently the well is now being plugged and abandoned.
Although the well has failed to intersect commercial volumes of hydrocarbons at this location, the results prove that a working hydrocarbon system exists in the licence. An extensive technical evaluation program will now be conducted to assess the remaining prospectivity in the Middle Jurassic at more favourable locations in the licence area as well as assessing the possibility of alternative locations of reservoir sands in the Upper Jurassic level.
Oslo, 7.3.2006
Rocksource ASA
Trygve Pedersen
Acting CEO
Tel. +47 90 09 77 41
Published: 29.03.2006
Contact Information
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Per Anders Muri
VP Corporate Communications
Phone: +47 91 11 61 21
per.anders.muri@rocksource.com