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Coastal Energy announces successful appraisal well at Songkhla A

HOUSTON -- Coastal Energy Company announced the successful results of the Songkhla A-10 well offshore Thailand.

The Songkhla A-10 well was drilled to a depth of 7,400 ft TVD and encountered 213 ft of net pay in the Lower Oligocene with 20% porosity. The gross oil column in the well was approximately 550 ft thick. The A-10 well was drilled into the same fault block as the A-12ST#1, which is the easternmost fault block at Songkhla A. The
A-12ST#1 originally tested at 3,500 bopd with 105 ft of net pay.

Randy Bartley, President & Chief Executive Officer commented, “The A-10 well result is outstanding. This well encountered a record amount of net pay for the Songkhla basin with some of the best reservoir characteristics we' ve seen in the Lower Oligocene interval. We estimate that this doubles the volumetric estimates for this particular fault block. Production will be tied in from this well shortly. The next well will test the fault block immediately to the north and, if successful, could warrant an additional production facility in this location to develop these two fault blocks."

09/10/2012

 

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