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PRD Energy announces update on Boerger 7A Well, Volkensen and other licences

Tuesday, July 30, 2013

  • PRD has completed site preparation for the drilling of the Boerger 7A well with the use of a service rig.
  • The Company has applied for drilling permits over its Volkensen oil pool in Lower Saxony, Germany and expects to receive these permits during the fourth quarter of 2013 whereafter it will commence field activities in preparation for drilling.

PRD Energy Inc. (TSX VENTURE:PRD) is pleased to provide an operational update. Boerger 7A Well Developments PRD has completed site preparation for the drilling of the Boerger 7A well with the use of a service rig. Using a service rig, rather than a drilling rig as is customary in the local oil & gas industry, is consistent with the Company's strategy of implementing continuous cost improvement in the basin. Mobilization of the drilling rig is well underway and PRD expects to begin drilling on August 2 or 3, 2013. Drilling will start from a depth of 680 meters and continue to a total vertical depth of approximately 1,800 meters with a 300 meter horizontal leg. Drilling is expected to be completed in August. Depending on drilling results, the Company expects to announce short-term pro...


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