KOV Spuds Itheria-1 Exploration Well in Block 9, Syria
CALGARY, ALBERTA--(Marketwire - July 22, 2011) - Kulczyk Oil Ventures Inc. (" Kulczyk Oil " or " KOV ") (WARSAW:KOV), an international, upstream exploration and production company, is pleased to announce the spud of Itheria-1, the first exploration well being drilled by KOV and its joint venture partners on Block 9, Syria.
The planned total depth of the well is 3,256 metres and it is expected to take 80 days to drill, on a dry hole basis. The well will 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.
Itheria-1 is being operated by Loon Latakia Limited (" Loon Latakia "), an indirect wholly-owned subsidiary of Kulczyk Oil. Loon Latakia holds a participating interest of 50% in the Block 9 production sharing contract which provides the right to explore for and, upon fulfilment of certain conditions, to produce oil and gas from Block 9, a 10,032 square kilometre (2.48 million acre) area in northwest Syria. Loon Latakia has an agreement to assign a 5% ownership interest to a third party which is subject to the approval of Syrian authorities, and which, if approved, would leave Loon Latakia with a remaining effective interest of 45% in Block 9.
Pursuant to a farmout agreement announced by KOV on 6 September 2010, MENA Hydrocarbons (Syria) Ltd., an indirect wholly-owned subsidiary of MENA Hydrocarbons Inc. (" MENA ") will fund 60% of the costs for the drilling of Itheria-1. Accordingly, the costs of drilling Itheria-1 will be shared as follows: MENA: 60%, Triton Petroleum Pte Ltd.: 20% and Kulczyk Oil: 20%.
RPS Energy (" RPS ") prepared an independent third party engineering evaluation dated March 21, 2011, estimating as at December 31, 2010, the oil and gas Prospective Resources of both the Itheria prospect, and the Bashaer prospect which is scheduled to be drilled after the Itheria-1 drilling operations have ended. The Prospective Resource estimates for the Itheria prospect are summarized in the tables below and were previously disclosed by KOV via press release on March 23, 2011. A copy of this press release may be found under KOV's profile on SEDAR at www.sedar.com or on KOV's website at www.kulczykoil.com .
of the Canadian Securities Administrators.There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. The basis for the estimates was the interpreted 3D seismic survey and available well and field data from the area and, consequently, there is a wide range of uncertainty in the estimated volumes.
Drilling Square Holes - News
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The planned total depth of the well is 3256 metres and it is expected to take 80 days to drill, on a dry hole basis. The Itheria-1 well will test a large structure with four-way dip closure defined by 3D seismic. Primary targets are sandstones of
drilling square holes - Practical Machinist - Largest ...
On the patent description, Watts comments the drill has one fewer sides than the shape created. So, a square generating system employs a 3 fluted drill bit. A hexagonal master guide is mated to a 5 sided drill. Now the interesting thing is the path the bit takes as it is advanced into the workpiece is based upon the Reuleaux triangle. Check this video of tool motion. You may recognize the rotor shape as a Wankel.
Drilling Square Holes - Bookshelf
The Popular science monthly
I, 2 and 3, Figs, i and 2 showing round and square holes. They are the formers and are used for drilling square holes in round stock, such as would be used ...Popular Mechanics
A Tool for Drilling: Square Holes A three-cornered drill that bores square holes and that can be used on any lathe, drill press or milling machine is one of ...Scientific American
These two figures are side and end views; the tool is simply forged and then turned up in the lathe afterward, and it is much used for drilling holes in the ...English mechanic and world of science, with which are incorporated "the Mechanic", "Scientific opinion," and the "British and foreign mechanic."
If the shank of the drill is square, a wrench may be substituted for the dog or carrier. Half-round Bits. For drilling or boring holes very trne and ...Telegraphic journal and electrical review
These are run back when the machine is drilling square holes, and the upper and tower plates, which have square holes in them, are screwed up so as to ...Helpful Guide Directory
Drilling a Square Hole
Drilling a Square Hole. A mechanism for drilling square holes has to turn circular motion into square motion. ... A roller for drilling a perfect hexagonal hole is made up of six ...
Wolfram Demonstrations Project
Drilling a Square Hole. One way of getting a curve of constant width is to start with a right isosceles ... device can be used to build a drill that drills perfect square holes. ...
Drilling Square Holes
2 Responses to "Drilling Square Holes" Wrennee Reynolds says: 10/26/2009 at 8:17 pm. Had no idea that something like this was ever made...very interesting information ...
Mathematical Etudes : Etudes
Now if one makes a Reuleaux triangle shaped drill, one will be able to drill square holes with slightly rounded corners but absolutely straight sides! ...
Mortiser - Wikipedia, the free encyclopedia
The square chisel mortiser (also called hollow chisel mortiser), similar to a drill press ... Square chisel mortising bits can also be fitted to normal drill ...