Buccaneer
said
the
well
was
spudded
on
Friday
and
had
reached
the
designed
surface
casing
point
at
3075
feet
earlier
today.
It
added
preperations
were
being
made
to
log
the
interval
after
which
the
surface
casing
would
be
set
before
drilling
the
next
interval
which
includes
the
Beluga
formation.
Kenai
Loop-1
is
a
step-out
well
from
the
adjacent
Kenai
Cannery
Loop
field
and
is
expected
to
take
about
another
20
days
to
reach
its
planned
total
depth
of
10,500
feet.
Buccaneer
is
currently
in
the
process
of
gaining
permits
for
another
three
drilling
locations…
