Exploration & Production
Chinook Energy Provides Operational Update
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Chinook Energy Inc. ("Chinook") (TSX: CKE) is pleased
to provide the following operational update on its Bir Ben Tartar ("BBT") concession.
The first horizontal well to be drilled targeting the Ordovician Bir Ben Tartar Formation in the Ghadames Basin of Southern Tunisia was completed on July 1, 2012 with the rig release of the TT16 well.
Foradex Rig 14 completed the 42 day operation with no incident or accidents. Final measured depth of the well was 2,435 metres with a horizontal section of 950 metres. Gross drilling costs for the well approximated USD$7.0 million (net USD$6.02 million).
A Packer's Plus system was successfully run on the TT16 well in preparation for a multi-stage fracture stimulation of the Ordovician Jeffara and Bir Ben Tartar formations.
Completion operations commenced on…
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