Canada- Mar 4, 2011- Calvalley Petroleum Inc. (Calvalley) is pleased to announce that its Qarn Qaymah-3 well reached total depth of 4,460 metres on February 25, 2011. A wellbore cleaning process was then undertaken to remove all drilling solids before commencing logging operations and production testing. The logging program is now underway and is expected to be complete on March 4, 2011. The production testing is expected to commence on March 8, 2011 and test results will be announced as they are made available.
As well, Calvalley recently completed all mechanical and civil work on the Truck Offloading Facilities, located in Block 51, and is currently completing the telecommunication and instrumentation components of the project. The project commissioning team expects to have the facilities in operation within the next month.
Calvalley also wishes to assure its investors that operations continue to be unaffected by recently reported unrest in the region.
Calvalley is an international oil and gas company, with offices in Calgary, Alberta, Canada, that operates its 50% working interest in Block 9 of the Masila Basin, in The Republic of Yemen. Calvalley also operates its 100% working interest in the Gimbi and Metema Blocks of the Blue Nile Basin, in The Republic of Ethiopia.