NEWS BULLETIN

March 12, 2013 --- Vol.19, No. 18March 2013

Linc spuds Umiat well; defers some work to 2014

Linc Energy Ltd. recently spud the first well at the Umiat prospect in 34 years, but weather delays have forced the company to cut back on its previous plans for this season.

The Australian independent spud the Umiat No. 18 well on a federal lease in the foothills of the Brooks Range some 100 miles west of Pump Station 2 using Kuukpik No. 5 rig.

Linc originally outlined a four-to-six well program at Umiat this winter, but following a period of light snowfall early in the season combined with extreme cold snaps, the company is now planning to drill just two wells this winter and cold-stack its rig on location to get a head start on mobilization for the 2013-2014 winter exploration season.

—Eric Lidji

Editor’s note: Watch for full story in the March 17 edition of Petroleum News, which will be available online Friday, March 15 at www.petroleumnews.com.


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