Exploration & Production
East West Hits TD at Latest NZ Cheal Well; Spuds Follow Up
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East West Petroleum Corp. has reported an update on its Cheal-E well onshore New Zealand.
The Company has been informed by TAG that the Cheal-E4 well located in the Cheal North permit (PEP 54877) has reached a total depth of 2,235 meters, and that operations were completed on time and on budget. The Cheal-E5 well was immediately spudded by the Nova-1 drilling rig with the expectation of reaching total depth by mid-December.
In addition TAG has informed the Company that the Cheal-E1 well is expected to be placed back on production on December 9, 2013 after being temporarily shut-in for planned pressure and temperature analysis and that similar testing operations on Cheal-E2 through to Cheal-E5 will continue over the next two months with all successful wells expected to be placed on…
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