Falkland Islands: Desire Petroleum Gets License to Drill 14/15-2 Rachel North Well

Desire Petroleum plc the oil and gas company wholly focused on the North Falkland Basin, announces that both regulatory and partner approvals have been granted for Desire to drill the 14/15-2 Rachel North well.

The 14/15-1 well has been plugged and abandoned and the rig is currently waiting on weather to move to the Rachel North location.

The Rachel North well will be drilled vertically with an estimated total depth of 3,050 metres. The bottom hole location will be 1.7 kilometres from the Rachel sidetrack 14/15-1Z bottom hole location. Drilling operations are expected to last around 35 days.

It is intended that this well will evaluate the sands with oil shows encountered in the Rachel sidetrack as well as a number of possible additional sands not seen in the sidetrack.

Desire has contracted the Ocean Guardian drilling rig from Diamond Offshore to drill in the North Falkland Basin.

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Source: Desire Petroleum, November  9, 2010;