Exploration company Petroceltic International says the results of the AT-1 well on the Isarene permit in Algeria have exceeded its pre-drilling expectations.
Petroceltic says it is the most prolific single zone well test on the Isarene permit to date.
The AT-1 well is the second well in the current drilling programme on the Isarene permit in the Illizi basis in Algeria. The company says the results confirm the high gas potential of the Ain Tsila ridge discovery at the location.
The well was drilled by Petroceltic, which has a 75% stake and is the well's operator, in association with the Algerian Oil and Gas Company Sonatrach (25% interest).
'These well results confirm the significant commercial potential of the Isarene permit to Petroceltic and our partner Sonatrach,' commented Brian O'Cathain, Petroceltic's CEO.
