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NEWS BULLETIN

November 27, 2013 --- Vol. 19, No. 70November 2013

Doyon completes Nunivak No. 2 well

Doyon Ltd. has announced the completion of its Nunivak No. 2 exploration well in the Nenana basin in the Alaska Interior. The well encountered features indicative of an oil and gas system in the basin but did not encounter a commercial oil or gas resource, the Native regional corporation announced today. The well, about 16 miles west of the community of Nenana on the George Parks Highway, was drilled to a vertical depth of 8,667 feet and has now been plugged and abandoned, Doyon says.

The Nunivak No. 1 well, drilled nearby in 2009 by a partnership including Doyon, also found promising subsurface indications of a petroleum system but no commercial hydrocarbons.

“The Nunivak No. 2 drill program was only the second deep test of this basin,” said Aaron Schutt, Doyon’s president and CEO when announcing the drilling results. “Despite the disappointment of a non-commercial effort, other results from the well clearly indicate the potential for significant commercial discoveries of oil and gas and we consider it a success. Follow-on studies are under way which will assist us in the development of our forward program.”

—Alan Bailey

See story in Dec. 10 issue, available online Wednesday, Dec. 7 at www.PetroleumNews.com

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