CAMAC Spuds Second Well at Zijinshan Gas Asset

CAMAC Energy Inc., has spud the ZJS-04 coal-bed methane (CBM) well to further evaluate the resource potential of the Zijinshan Gas Asset.

Drilling is expected to take about 50 days to reach the well’s target depth of approximately 5,900 feet. Currently the penetrating depth is 2,630 feet drilled towards the main target formations.

“The ZJS-04 well is the second well of the three wells planned to be drilled in 2011, in accordance with the annual work program as approved by CAMAC Energy and its Chinese Partner, PetroChina CBM Co.

Mud logs at the first well, ZJS-03, identified 8 m of gas-bearing interval at 1,489-1,515 m

The Company’s Zijinshan Gas Asset covers an area of 175,000 acres in the Ordos Basin in the Shanxi Province.

Source: www.camacenergy.com/