NOR Energy AS

NOR Energy AS

August 04, 2006 13:34 ET

NOR Energy AS: Causeway Test Results Well 211/23d-17z United Kingdom Continental Shelf

CALGARY, ALBERTA--(CCNMatthews - Aug. 4, 2006) - NOR Energy AS (NOR) announces today the initial results from a well drilled in the UK North Sea operated by Antrim Energy Inc. in which NOR has a 10.5% earned interest.

The horizontal well drilled through the Middle Jurassic Brent Group sandstones to a measured depth of 14,900 feet encountered a series of prospective resevoirs with 1185 feet of net oil-bearing sandstone. The resevoirs are located in two separate fault compartments in the Ness and Tarbert formations.

The first test was conducted on one zone of the two compartments and recorded multiple stabilized flow rates up to 7000 bopd of light sweet crude oil (32 degrees API) with low gas to oil ratios and no indications of water. Estimated average porosity values of 20% indicate excellent resevoir quality.

The operator is planning a second test on a separate zone in the next week. Follow-up wells are in the planning stages for 2007.

NOR Energy AS is a Calgary based Norwegian incorporated privately held company with assets in the UK North Sea, Tanzania, Australia and the Czech Republic.

Contact Information

  • NOR Energy AS
    Rick Orman
    Chief Executive
    (403) 232-4207
    (403) 266-6988 (FAX)