Coastal Energy Announces Appraisal Success in Multiple Reservoirs at the Songkhla Field

Coastal Energy Company announces successful appraisal drilling success from the Oligocene and Eocene reservoirs at the Songkhla field.
The Songkhla A-09 well was drilled to 8,109 feet true vertical depth and encountered 140 feet of net pay in the Lower Oligocene Wedge reservoir with average porosity of 15%. The well also encountered 75 feet of net pay in the underlying Eocene reservoir analogous to that seen in the Songkhla A-07 well, which had 16.5% porosity and initially flow tested 1,100 bopd. The A-09 well also pushed down the lowest known oil in the Eocene by 105 feet.
[Read more]
Source: Market Watch