NEWS BULLETIN

August 30, 2005 --- Vol. 11, No. 70August 2005

Forest applies to re-enter old west-side Gulf well

Forest Oil Corp. has applied to re-enter an old Gulf well on the west side of Cook Inlet, the Alaska Department of Natural Resources said Aug. 29.

The Middle Lake Unit No. 1 was drilled by Gulf Oil Corp. in 1969, looking for oil, and plugged and abandoned as a dry hole.

Middle Lake Unit No. 1 is on an existing drill site some eight-tenths of a mile inside the eastern boundary of the Susitna Flats State Game Refuge, east of the Little Susitna River.

Forest told the state that Middle Lake “is being evaluated primarily as a natural gas development.”

Forest said in its plan of operations that it will clean out the existing well bore at the Middle Lake Unit well, drill new hole below the 9 5/8-inch casing to an estimated 6,500 feet and test the well for natural gas.

Should the well prove commercially viable, Forest said it would initiate plans for production.

RCA schedules hearing on ANGDA request


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