Winstar provided initial test results of the 100% owned and operated Chouech Essaida 8S well (CS No.8S) in southern Tunisia.
The Company announces that the well has been successfully completed and after 42 hours is currently flowing at a stable rate of 1,625 bbl/d of oil (2,200 boepd of total hydrocarbons) commingled from two zones in the Triassic reservoir.
The well results are consistent with results from interpretation of well logs which indicated that both productive zones encountered are 3 – 4 meters structurally higher and 50% to 100% thicker compared to the original CS No.8 well located approximately 50 meters west of the CS No.8S well.
The well is tied into the 100% owned central production facility (“CPF”) and testing is being conducted via the existing gathering systems resulting in lower testing costs and the sales of all test oil production.
