Titan Energy Ltd provides update on drilling operations on the JT Reese #14 and the Ward #1 at Allen Dome.

Reese #14

Reese #14, the first well of an in-field development program, is drilling ahead at a depth of 3,005 feet as of 17:00 hours April 6 (US CST). 8 5/8' surface casing has been cemented to 860 feet and a 7 7/8' hole is currently being drilled to Total Depth. The test hole has successfully penetrated and drilled through the salt dome overhang and is now approaching the productive Miocene zones encountered in offset wells.

Titan wishes to advise that additional time has been required for Encore Drilling to perform extensive non-billable rig modifications as part of preparations for ongoing drilling at Allen Dome. Future wells in the program are expected to take considerably less time to completion.

Tags: Titan Energy Ltd