Otto encounters gas in Turkey

Joint venture partners Otto Energy Limited and Incremental Petroleum have declared that their fourth well in their current drilling program has encountered gas in the uppermost primary objective of the well.

The Arpaci-2 well encountered gas while drilling into the uppermost of the reservoir targets around 169 meters. Due to the high pressures and substantial mud losses in the wellbore, the well has been plugged back and will be redrilled with an amended casing and drilling mud program to accommodate the high gas pressures. While the new well cellar is being prepared, the rig will now commence an extensive testing program of earlier gas discoveries before returning to redrill Arpaci-2 in a few weeks time.

The partners in the Erdine Gas project are Otto Energy with 35%, Incremental Petroleum with 55%, and Turkish partner and Joint Operator Petraco with the remaining 10%.

Source : http://ottoenergy.com/