RNS Number:6216V
Oil Quest Resources PLC
14 December 2005
OIL QUEST RESOURCES PLC
COMMENCEMENT OF DRILLING AT KIRKLEATHAM
The Directors of Oil Quest Resources plc ("Oil Quest") are pleased to announce
that they have been advised by the Operator, Egdon Resources plc, that the BFD28
drilling rig is now mobilising to the Kirkleatham-4 wellsite in Cleveland where
drilling operations are expected to commence on or around Thursday 15 December.
The Kirkleatham-4 well will target the Kirkleatham prospect which is located
beneath and to the west of the town of Redcar in Cleveland. The structure was
originally tested by two wells in the mid-1940s, with testing producing
sub-commercial gas flows in both wells from Permian age Zechstein carbonates.
Seismic data shows the potential to apply modern drilling and completion
techniques up-dip of both wells. The Kirkleatham-4 exploration well will test
for the presence of an effective gas reservoir in this up-dip area of the
structure. Kirkleatham-4 will be drilled as a vertical well to a prognosed
depth of 900 metres and is anticipated to take 15 days to drill.
Oil Quest holds a 20 per cent. in the PEDL068 licence on which the Kirkleatham-4
well will be drilled.
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