Jupiter Energy drilling ahead at J-50 Oil discovery well

Jupiter Energy (ASX: JPR) has reported operations on the J-50 well have continued with acquisition of a total of 54.3m of conventional core in the Middle Triassic reservoir.

Core #6 has been recently acquired from interval 3030m to 3039mRT and 100% has been recovered from the core.

Importantly, hydrocarbon shows and gas returns were evident through most of this core run. Coring operations have now ceased and drilling activities have resumed.

The J-50 well intersected the top of the reservoir at 2939mRT and a total of 120m of Middle Triassic reservoir section has been intersected to date.

At 1200 hours on 8th April, 2010, the current operation on the J-50 well was drilling ahead in Middle Triassic limestones and claystones at 3059m.

The company has summarised its future activity plan as follows: drill to total depth (~3250mRT); run extensive electric wireline logging suites across the zones of interest; run and cement production casing; run completion and clean up well; and release rig and commence 90 day production test.

The well is located on Block 31 – which covers 127 square kilometres - in the Mangistau Basin in south-western Kazakhstan.

http://www.proactiveinvestors.com.au/companies/news/6328/jupiter-energy-drilling-ahead-at-j-50-oil-discovery-well--6328.html