NEWS BULLETIN

April 23, 2013 --- Vol. 19, No. 28April 2013

Repsol makes three North Slope discoveries

Repsol has announced three “new good quality hydrocarbon discoveries” from its recently completed North Slope exploration program, the company said today.

The Qugruk No. 1 and Qugruk No. 6 wells produced two hydrocarbon shows with “encouraging results during production tests,” and the Qugruk No. 3 well identified hydrocarbons “at multiple levels,” according to the Spanish supermajor. The wells are in the fairway between the Oooguruk unit and the Colville River unit.

“These results are encouraging for the future development of the resources discovered,” the company said in a statement, calling the area “oil-rich” and “especially promising.”

Repsol operates the program and holds a 70 percent working interest in the leases. The Armstrong Oil & Gas subsidiary 70 & 48 LLC holds a 22.5 percent working interest and the Denver independent GMT Exploration Co. holds a 7.5 percent working interest.

—Eric Lidji

Linc flow-testing well at Umiat

Linc Energy is flow testing a well at the Umiat field, the company said.

A local subsidiary of the Australian independent is flow testing the Umiat No. 18 well and expects to have results within the next two weeks, according to the company.

“I am delighted with this development, to be flowing oil at Umiat is a major milestone for Linc Energy. I look forward to announcing the results of the flow tests in the next two weeks,” Linc Energy Chief Executive Officer Peter Bond said in a statement.

The results from Umiat No. 18 will be the first from the prospect since 1979, when the U.S. Navy drilled the last of 12 wells at the oil field in the foothills of the Brooks Range.

—Eric Lidji

See stories in April 28 issue, available online at 11 a.m., Friday, April 26, at www.PetroleumNews.com


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