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Article: Shelton Canada Corp. Provides Operational Update.
- Article from:
- Marketwire Canada
- Article date:
- October 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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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CALGARY, ALBERTA, Oct 5, 2009 (Marketwire via COMTEX) -- Shelton Canada Corp. (TSX VENTURE:STO) and Ukraine's largest oil and gas company, Ukrnafta, will drill their third development well as partners in the Kashtan Petroleum Joint Venture. Located in the Lelyaki oil field, east-central Ukraine, the well #304-A is expected to spud mid Q4, 2009. The new well has a projected total depth of 1930 meters and will be drilled as a directional well targeting light oil (42 degree gravity) further developing the P1and 2 and K-1 productive reservoirs. In addition, well interventions are underway on three suspended wells (#45, #60 and #179) in order to bring them back on production.
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