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Article: Fountain Oil Reports on Status on Projects in Eastern Europe and Canada
- Article from:
- PR Newswire
- Article date:
- October 29, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON and Oslo, Norway, Oct. 29 /PRNewswire/ -- Fountain Oil Incorporated (Nasdaq-NNM: GUSH), announced today the results of initial production in Lelyaki and Sylvan Lake oil fields, and status of activities in Maykop, Gorisht-Kocul and Stynawske fields.
Lelyaki, Central Ukraine
In an initial re-completion program, four wells have been worked over, perforated and put on production. Two further wells have been re-entered, one of which will be put on test production. Of the four wells on production three have given maximum oil flow of 170, 80 and 10 bopd respectively, while the fourth well produced water only. Production during the last thirty ...