Stratic ceases 16/2b-5A well operations

Stratic Energy Corp. has ceased operations on the 16/2b-5A well in the UK North Sea.

Offshore staff

LONDON -- Stratic Energy Corp. has ceased operations on the 16/2b-5A well in the UK North Sea.

The company reports operational difficulties including an unsuccessful attempt to retrieve drill pipe lost in the hole that required the well to be re-spudded, and the failure of the top drive mechanism on the drilling rig.

The well was drilled to a total depth of 6,370 ft (1,942 m) having encountered oil shows in two exploration objectives (Skroo and Flugga), and has satisfied the company's work obligation on block 16/2b.

The planned deviated appraisal section of the well into the Cairngorm granite discovery was not attempted and the well is currently in the process of being abandoned, the company says.

01/09/2009

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