Middle East Economic Survey

VOL. XLIX

No 4

23-January-2006

UAE

Indago Petroleum Drills Dry Well In Ras Al-Khaimah

AIM-listed Indago Petroleum announced on 17 January that its onshore Hagil-1 exploration well in Ras al-Khaimah was dry and would be plugged and abandoned. The well was spudded on 2 October 2005 and drilled to a total depth of 4,476ms. Good reservoir quality was encountered in the Jurassic and Triassic dolomites along with lower quality in the pre-Khuff section, and poor quality...