Action plan
- Drilling of the first exploratory well, Itheria-1, commenced on July 22, 2011.
- The well is expected to be drilled to 3,256 meters and is expected to take up to 80 days to drill, not including testing.
- The well is planned to test a large structure with four-way dip closure defined by 3D seismic in an area approximately 200 kilometres due east of the City of Latakia.
- Primary targets are sandstones of Ordivician age.
- The second exploration well is expected to commence drilling immediately after the completion of Itheria-1.
- The Company, as operator, is actively managing the drilling program while keeping a close watch on the political situation in the country. The Company considers the safety of its employees and contractors paramount.
