Drilling is expected to take between 40 and 60 days to reach the well’s target depth of between 4,500ft and 5,500ft.
Currently, the penetrating depth is 3,300ft drilled towards the main target formations and mud logs have already shown gas readings from several penetrated intervals.
In January 2011, the company and its Chinese partner PetroChina CBM Co, approved a work program to expedite exploration and delineation of the gas resources in the Zijinshan contract area.
The work program consists of drilling three additional wells and conducting a seismic reinterpretation integrating the data obtained from recent drilling.
The ZJS-3 well is the first of the three wells planned to be drilled in 2011.
The company’s Zijinshan gas asset covers an area of 175,000 acres in the Ordos basin in the Shanxi Province.
