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Lebyazhye operations update

Lebyazhye well L-14x reached TD at 3760m MDRT on 20 September 2011 in Asselian carbonates. The hole was logged and a 7 inch liner run and cemented in place.Two intervals with hydrocarbons were identified and the lower interval was perforated and completed. The rig was released on 24 October 2011.After the initial flow test the perforated interval was fractured resulting in minor production of light 41° API oil and some associated gas.As regulations require the well was shut in upon the testing program completion.


Date: 15.09.2012