Cyprus-Forum.com

[bill cobbett]

NOBLE ENERGY ANNOUNCES INCREASE IN LEVIATHAN RESOURCE ESTIMATE

Noble Energy has drilled a 2nd appraisal well in the Israeli Leviathan field which neighbours CY's Block 12 and not only confirmed previous prospects but has increased the estimated prospects from this huge reservoir from 17 to 18 trillion cubic feet.

This, the first part of a press release from the Noble Energy site from March 6...

HOUSTON, March 6, 2013 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced results from its second Leviathan appraisal well located in the Rachel license offshore Israel. The Leviathan #4 appraisal well was drilled to a total depth of 16,992 feet and encountered 454 net feet of natural gas pay in multiple intervals, the thickest net pay of any well drilled to date at Leviathan. Reservoir quality and the field-wide gas/water contact were confirmed at the well location and 240 feet of core were recovered. These results have enhanced the Company's understanding of the reservoir, which has led to an increase in the estimated recoverable gross mean resources of the field to 18 trillion cubic feet (Tcf) with a range(1) of 15 to 21 Tcf.

[repulsewarrior]

interesting.

thanks, bill!

[Demonax]

Yes, very interesting. Let's hope that this is a good omen for reserves in neighbouring fields.