Melrose successfully drills Kaliakra well in Bulgaria
UK-based explorer Melrose Resources said has successfully drilled the Kaliakra-2 well in Bulgaria and evaluated the
gas discovery at the field.
The company said the results indicated that the Kaliakra field's most likely reserves were 57 bn cf. The results also
confirmed the Kavarna field reserves of 24 bn cf.
"We are very pleased with the results from the Kaliakra appraisal well which confirm our geologic model for the area
and effectively increases the most likely combined reserves estimate for Kavarna, Kavarna East and Kaliakra to 100 bn
cf," chief executive David Thomas said.
The company also said it was in contact with the new Bulgarian government to facilitate the agreements required to
begin the Galata gas storage project.
