Rialto Updates on Gazelle Drilling Progress (Ivory Coast)

Rialto Energy Limited provides a weekly update on drilling operations at the Gazelle-P3 ST2 Well, Offshore Côte D’Ivoire as at 06:00hrs, 12 June 2012 (GMT).

The Gazelle-P3 well was spudded on 12 March 2012 using the Transocean GSF Monitor jack-up drilling rig. The well is the first of an overall three well drilling programme on permit CI-202.

Since the last report the well has drilled ahead under directional control to 2784m MD (2516m TVDSS).

In accordance with its policy of releasing weekly drilling progress reports, the company expects to issue a further drilling report on 20 June 2012, subject to any material events occurring in the meantime.

Rialto Energy Limited  is an oil and gas exploration and production company with offices in Perth (Australia), London (UK) and Abidjan (Côte d’Ivoire).

Rialto is the Operator (85% working interest) of the CI-202 block offshore Côte d’Ivoire. The CI-202 block contains the Gazelle Field, which is the current focus of development, with first  production expected by the end of 2013/Q1 2014.

[mappress]
Source: Offshore Energy Today Staff, June 13, 2012