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Vintage Petroleum, Inc. (VPI) Message Board

  • reedright reedright Feb 28, 2005 9:08 PM Flag

    Oops, S-1 miss

    From TGA announcement:

    "Block S-1, Yemen (25.0% working interest)

    Malaki #1, which commenced drilling on January 18, 2005, has reached a total depth of 2,315 meters. The well is being plugged and abandoned after encountering minor hydrocarbon shows. The Lam 'A' sandstone reservoirs were encountered structurally lower than the oil/water contact in the An Nagyah field and were water saturated. The drilling rig is preparing to move to the next drilling location at An Nagyah #15. The An Nagyah #15 well is planned as an 800 meter horizontal well in the northwest area of the An Nagyah field, adjacent to An Nagyah #12. "

    How much of this does VPI have? TGA got pummeled on the news today. Take a look at their daily chart.

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