Solimar Energy Limited announce further information regarding the Kreyenhagen Ranch 2-33 well (K 2-33).

The first well (K 2-33) of the Phase I program reached TD at 1,472 feet measured depth on July 20 and was subsequently logged and cased. The well was directionally drilled up to a 48 degree angle and encountered close to 600 feet (measured depth) gross interval of the Temblor heavy oil formation.

Rock and fluid properties, including the relative amounts of sand and shale in the formation and the percentage of oil and water will be investigated in conjunction with the drilling of the second well (K 7-33) of the Phase I program. K 7-33, anticipated to spud in mid-August, will be a vertical well and have whole core cut across much of the Temblor formation to calibrate logs.

Tags: Solimar Energy Limited