40 m gas pay..you beauty

the good news keeps coming..


ABN: 38 115 711 601
20 Howard Street PERTH WA 6000 Po Box Z5490 PERTH WA 6831
Ph: +618 9481 8696 Fx: +618 9481 2394
18 April 2008
Australian Securities Exchange (ASX)
By ASX online
40m of net gas pay in second of five wells at Edirne
Incremental Petroleum (ASX: IPM) and Otto Energy (ASX: OEL) are
pleased to announce that logging and pressure measurements in Kuzey
Arpaci 1 have indicated net gas pay of more than 40m between 297m
and 505m. This is more than double the pre-drill estimate. The total depth
of the well is 540m, and the present operation is running 5” casing to total
depth.
ORTAKCI
IKIHOYUK
ARPACI 2
KUZEY
ARPACI
0 5 km
3D AREA
LICENCE
BOUNDARY
LOCATION MAP
BATI YAGCI
Location of the five wells in the 2008 Edirne drilling campaign
On 4 April 2008, the company announced that the first well in the 2008
campaign had encountered some 28m of net gas pay, significantly
exceeding pre-drill expectations. The results from Kuzey Arpaci-1 also
significantly exceed pre-drill estimates of reservoir thickness and further
enhance the reserve base of the project.
The partners in the Edirne Gas project are Incremental Petroleum 55%,
Otto Energy 35% and Petraco Energi (10%), who are also joint operator
with Incremental. Incremental is currently engaged in assessment of
production facilities and is working towards fulfilling all of the regulatory
requirements to commercialise this gas project before Mid 2009.
Gerard McGann
Managing Director