CALGARY, Jan. 30 /CNW/ - Stratic Energy Corporation and its joint venture
partners TPAO (the Turkish national oil company) and Toreador Resources
Corporation announce the results of the upper zone flow-test of the Akcakoca-4
well on the Akcakoca East discovery situated in the deeper water Akcakoca
trend of the South Akcakoca sub-basin of the Black Sea. The well flowed at
approximately 18.9 million cubic feet of gas per day with flowing wellhead
pressure of 1,314 psi from 11 metres of pay between 1,284 and 1,295 metres
true vertical depth, on a 48/64-inch choke. As reported earlier, Akcakoca-4
encountered a total of approximately 37 meters of gas-bearing sands in three
zones between 1,159 and 1,375 meters true vertical depth. A lower zone of
13 metres of pay tested gas at a rate of 8.6 million cubic feet per day on a
similar sized choke.
The Southern Cross rig will now move some 2.5 kms east to a new surface
location to drill the Guluc exploration prospect, the easternmost and
potentially largest structure on the Akcakoca trend.
Stratic's President & Chief Executive, Kevin Watts, commented "We
continue to be delighted with the results from the deeper water drilling
program and the latest test demonstrates the high deliverability of the deeper
water sands. The next well at Guluc will be important in determining our path
forward with regard to the scale and timing of the development of the deeper
Further information on Stratic and its operations can be found on the
company's website at www.straticenergy.com.
The TSX Venture Exchange has neither approved nor disapproved the
contents of this news release.
For further information:
For further information: Kevin Watts, President & Chief Executive,
+44 20 7016 6421; Roger Fullerton, Manager, Investor Relations,
(952) 929-7243, Website: www.straticenergy.com,