Petroceltic

Petroceltic reported that the AT-13 well in Algeria has penetrated a 240-ft gas- and condensate-bearing formation. The well will help establish and maintain the approved annual average wet gas plateau rate of 355 MMcf/D from the Ain Tsila field. AT-13 is the second well of the planned 24-well field development drilling campaign. Well test results from AT-13 will be confirmed later in the year when batch completion, stimulation, and testing activities are undertaken. Petroceltic is the operator with a 38.25% interest in the production-sharing contract that covers the Ain Tsila output. Sonatrach(43.375%) and Enel (18.375%) hold the remaining interests.


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