& & & Tuesday, May 08, 2012&
Rialto Energy Limited (ASX: RIA and AIM: RIA), provides the following weekly update on drilling operations at the Gazelle-P3 ST Well.
The Gazelle-P3 ST well was spudded on 12 March 2012 using the Transocean GSF Monitor jack-up drilling rig. The well is the first of an overall three well drilling programme on CI-202 that is anticipated to take six months to complete, together with testing.
Since the last report, the well has been drilled to a depth of 2181m MDRT (1847m TVDSS). Rialto is expecting to drill and wireline log the Upper Cenomanian reservoir section during this week.
This article is for information and discussion purposes only and does not form a recommendation & to invest or otherwise. The value of an investment may fall. The investments referred to in this & article may not be suitable for all investors, and if in doubt, an investor should seek advice from & a qualified investment adviser. More
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