News and Announcements
Linc Energy Mobilises Rig to Umiat
- Published December 18, 2012 1:40AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Linc Energy (ASX: LNC) (OTCQX:LNCGY) is pleased to announce that it has commenced mobilising the Kuukpik #5 drill rig and associated equipment and supplies to Umiat oil field on Alaska’s North Slope in preparation for the winter drilling program. The company is using both overland travel and C-130 Hercules aircraft to accomplish mobilisation. The drilling program is proceeding as planned and is on time and on budget.
The winter drilling program includes the drilling and testing of shallow vertical and horizontal delineation wells in the Lower Grandstand Formation, as well as drilling and testing of a deep exploration target. The information gained from this program will help to validate the geological model, define the extent of the reservoirs, determine oil and rock properties for input into a reservoir simulation model, determine comparative production rates for horizontal and vertical completions and gather information on deeper reservoirs.
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