Gallic provides update on operations in Tunisia

    GALLIC ENERGY LTD. (TSX Venture Exchange: GLE.A)

    CALGARY, Sept. 11 /CNW/ - Gallic Energy Ltd. ("Gallic" or the
"Corporation") is pleased to announce that production casing will be run in
the Bhayra Rigo No. 1 well on the Jorf permit to a total depth of
approximately 1,400 metres. Careful log evaluation by the Corporation, the
operator and independent log experts indicates the presence of potential areas
of interest in a thick Upper Permian dolomitized and fractured reef. At this
time, Gallic and its partners are unable to determine whether hydrocarbons are
in the potential areas of interest. A sudden circulation loss occurred when
the reef was first encountered at 1,126 metres and circulation of drilling
fluids was never re-established so drilling samples were not recovered over an
approximate 300 metre interval. A core was cut in the lower portion of the
zone confirming the presence of fractured and porous dolomite. Due to local
safety regulations and other technical reasons, the operator can not test for
the presence of hydrocarbons by conducting open-hole straddle tests in the
selected intervals. Therefore, the well testing will be conducted at a later
date through casing perforations. The operator will source all the necessary
testing equipment and the Corporation will provide an update on the actual
timing of testing operations.
    The Jorf permit, located onshore south-central Tunisia, encompasses an
area of approximately one million acres. The northern boundary of the
exploration permit is within 35 kilometres of the Gulf of Gabes. Major oil and
gas pipelines from the giant El Borma oil and gas field and other southern
Tunisian oil fields traverse the Jorf block (within 40 kilometres from the
Bharya Rigo No. 1 well) and connect to the La Skhira oil terminal in the Gulf
of Gabes.
    The common shares of Gallic are listed on the TSX Venture Exchange under
the symbol GLE.A. There are 135,094,982 shares issued and outstanding.

    Forward-looking Statements
    This press release contains forward-looking statements and the reader is
cautioned not to place undue reliance on these statements, as there can be no
assurance that the plans, intentions or expectation upon which they are based
will occur. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both general and
specific, that contribute to the possibility that the predications, forecasts,
projections and other forward-looking statements will not occur or that actual
results would differ materially from estimated or implied results. In
particular, various factors can cause delays of prevent the operator from
carrying out the Bhayra Rigo No. 1 casing and testing program as scheduled,
including but not limited to unavailability of equipment and manpower.
Additional information on factors that could affect Gallic's operations and/or
financial results are included in Gallic's reports on file with Canadian
securities regulatory authorities. Gallic does not assume any obligation to
update these forward-looking statements, except as required by law.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Mr. Richard W. DeVries, President, Tel: (718)
874-8319, Fax: (403) 770-8810

Organization Profile

Gallic Energy Ltd.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890