Toreador Resources Provides Operations Update
2009-04-14 14:45:02 -
Toreador Resources Corporation (“Toreador” or the “Company”) (NASDAQ.
TRGL) today provided an operational update, under which the following has occurred.
- The Balotaszallas-E-1 (“THL Ba-E-1”) well, which is located in the Tompa Block in Hungary, reached its final total measured depth of 3,620 meters and successfully encountered the target geologic horizon as a 560 meter over-pressured section of predominantly thin, inter-bedded layers comprising siltstones, shale, and sandstones with some interspersed conglomerates; electric logs, mud logs and gas readings of greater than 100,000 ppm encountered across the interval confirm the presence of natural gas. The well has been completed and the rig has been released. Design of a fracture program to stimulate the well is being finalized and operations to perform the treatment, followed by an extended flow back period, are expected to commence in May. Toreador holds a 25% working interest in this well and costs are carried by its partner, Delta Hydrocarbons BV.