CALGARY and LONDON, Oct. 21 /CNW/ - Stratic Energy Corporation (TSX
Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that it has
completed the successful testing of the East Breagh well located on Block
42/13 in the southern sector of the United Kingdom North Sea.
The well was tested at controlled rates of up to 10.2 million standard
cubic feet per day (mmscfd) from two perforated intervals totaling 181 ft. The
majority of the gas flow is believed to derive from an upper reservoir zone.
The final rate was held for a period of twelve hours prior to shutting in for
pressure build up. The final combined test rate was constrained by operational
conditions and confirms flow potential consistent with expectations following
the 42/13-3 well results.
A lower gas bearing sand was also identified in the well. This sand unit
was perforated from 7635 ft md to 7746 ft md, and tested independently from
the combined flow test above at rates of up to 1.6 mmscfd. This is the first
time such a lower unit has been tested individually and, in addition to
proving gas, it provides further upside and potential for stimulation in
Kevin Watts, Stratic's President and Chief Executive Officer commented
"We are delighted with the test results from this important well, which are in
line with expectations and provide encouragement that the Breagh East and
Breagh West areas are part of a single gas accumulation. The next well in the
sequence is a deviated well due to commence shortly in the western part of the
structure, and is designed to test for higher flow rates to assist in
determining the number of wells needed to develop the discovery."
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For further information:
For further information: John van der Welle, Chief Financial Officer,
+44 20 77667900; Mark Bilsland, Chief Operating Officer, +44 20 77667900;
Patrick d'Ancona, M: Communications, +44 20 7153 1547; Canadian Investor
Relations, Roger Fullerton, (952) 929-7243, Email:
email@example.com; Website: www.straticenergy.com