The well is situated in the Carpathian Thrust Fold Belt in southeast Poland in an area that comprises approximately 20% of the entire Bieszczady License Area (BLA), which encompasses approximately 3,500sq km.
The Niebieszczany # 1, which was spudded on 14 October 2010, has a current planned total depth of 4,160m and may be drilled to as deep as 4,800m if warranted.
Seismic data has revealed a preliminary target at 2,400m with a secondary target indicated at 4,160m.
Preliminary results are expected in the first quarter 2011, with the final results coming in the late second quarter or the early third quarter of 2011.
The joint venture partners plan to drill a second well either nearby the Niebieszczany # 1, or at Rudawka, an area which is approximately 50km from the current well.
The operator is Polskie Gornichtwo Naftowe i Gazownictwo (PGNiG), Poland’s national oil and gas concern, which owns a 51% interest in the Bieszczady license. EuroGas‘ subsidiary EuroGas Polka owns a 24% interest.
