DENVER, Jan. 23 /CNW/ -- Direct Petroleum Bulgaria, Ltd., a wholly-owned
subsidiary of Direct Petroleum Exploration, Inc. ("DPE"), has completed
drilling and logging of the Deventci-R1 well, its first exploratory well on
the A-Lovech Block in northwest Bulgaria. Total depth is 5,888 meters (19,313
ft.) in the Lower Triassic Alexandrovo formation. The Deventci R1 is the
deepest well drilled in Bulgaria in the last 30 years.
The well encountered gas saturated reservoirs in the Dolni Dabnik member
of the Middle Triassic Doirentsi formation. Other potential reservoirs are in
the Upper Triassic Rusinovdel and the Lower Jurassic Ozirovo formations.
Casing has been run to 5,876 meters (19,280 ft.) in preparation for
extensive testing operations.
DPE is a privately held oil and gas exploration and production company
based in Denver, Colorado. Formed in 2003, DPE has operations in Bulgaria,
Morocco, United States and Russia.
For further information:
For further information: Direct Petroleum Exploration, Inc.,
+1-303-825-0775 Web Site: http://www.directpetroleum.com