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ENEL Enel Spa

6.13
0.07 (1.16%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Enel Spa BIT:ENEL Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.07 1.16% 6.13 6.081 6.14 6.136 6.061 6.108 28,874,887 17:00:00

Petroceltic Finds More Gas at 2nd Well at Ain Tsila Field

23/05/2016 8:28am

Dow Jones News


Enel (BIT:ENEL)
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By Alex MacDonald

 

LONDON--Petroceltic International PLC(EG5A.DB) said Monday it completed the second well on the Ain Tsila gas field in Algeria and found 73 meters of gas and condensate bearing rock at the Ordovician formation.

The AT-13 well was drilled on schedule and under budget. AT-13 is the second of up to 24 new development wells on Ain Tsila that are forecast to boost the field's output to an average annual production rate of 355 million standard cubic feet of wet gas per day.

Petroceltic holds a 38.25% stake in the field, while Sonatrach owns a 43.375% stake, and Enel SpA (ENEL.MI) an 18.375% interest in the field.

 

Write to Alex MacDonald at alex.macdonald@wsj.com

 

(END) Dow Jones Newswires

May 23, 2016 03:13 ET (07:13 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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