Yemen oil find for Calvalley

SANA'A, Aug. 20 (Saba) - Canada's Calvalley Corporation is targeting more exploration success in Yemen's Block 9 after making an oil
discovery at its Ras Nowmah field.

The Ras Nowmah-2 well initially tested 1,227 barrels per day of light oil with no
formation water. The well hit 41 metres gross oil pay but only the upper 15 metres
was
perforated for the initial test.
The Qishin sands - the primary target zone - came in about four meteres higher than
expected.
The company said that the pressure drawdown and build-up test indicated the well is
capable of potentially producing at much higher rates.
Based on these initial results, the company has expedited the acquisition of a pump
with significantly higher capacity. The new pump will be on location within several
days
for the resumption of testing. Block 9 lies in the Sayun-Masila basin, which has a
proven hydrocarbons base, and Calvalley said the Ras Nowmah discovery proves that
the Qishin
structures are similar to those in the Masila block.
Both the near-term and long-term exploration programmes are expected to expand
significantly, Calvalley said.
Calvalley added that the lighter Ras Nowmah crude is expected to result in strong
recovery factors with a positive effect on the company's total Block 9 reserves.
Ras Nowmah is situated along a prospective fairway where Calvalley has already
identified several other Qishin structures, the company said.
AF/AF