Gallic Energy Ltd. has temporarily suspended completion operations at its Ossun-2D well located in Southern France.

The Hagolle-2 well is Gallic's next drilling target on its Ledeuix permit in the Aquitaine Basin in Southern France. The Company has recently completed its submission for a permit to drill the prospective well and expects to commence operations in Q3 2012. The Hagolle-2 well will target a shallow gas zone previously drilled in the 1980's (Hagolle-1) and is defined on 3D seismic as a thrusted anticlinal structure. Hagolle-1 demonstrated a gas-charged limestone of Upper Cretaceous age at 1,100 m and extending to 1,800 m.

Hagolle-2 is positioned to be updip on the same structure as Hagolle-1. The limestone reservoir is believed to be extensively fractured from the uplift and folding of the thrusted anticline by tectonic forces.

Tags: Gallic Energy Ltd.