29 Mar 2011 08:30
For Immediate Release | 29 March 2011 |
Ninky Spud
Desire Petroleum plc (DES:AIM) the oil and gas company wholly focussed on the North Falkland Basin announces that the 14/15-3 exploration well on the Ninky prospect was spudded at 02.45 BST on 29 March 2011.
The prospect is a combined structural dip and stratigraphic pinch-out trap with multiple reservoir targets within the Barremian source rock interval. The well has a planned total depth of circa 2,620 metres and drilling operations are expected to take approximately 30 days.
A further announcement will be made once logging is complete.
For further information please contact:
Desire Petroleum plc | 020 7436 0423 |
Stephen Phipps, Chairman | |
Dr Ian Duncan, Chief Executive Officer | |
Seymour Pierce Limited | 020 7107 8000 |
Jonathan Wright/Stewart Dickson, Corporate Finance Richard Redmayne / Paul Jewell, Corporate Broking | |
Buchanan Communications | 020 7466 5000 |
Ben Romney Tim Thompson Chris McMahon |