Sky Petroleum, Inc. (OTCBB:SKPI), an oil and gas exploration company, is pleased to provide an update on the testing program regarding the Mubarek K2-ST4 well located in the Mubarek Field, offshore United Arab Emirates.
Crescent Petroleum Company International Limited (‘Crescent’), the operator of the Mubarek Field, reports that the well was drilled to a total depth of 13,528 feet into the Ilam oil reservoir, and has subsequently been stimulated with acid and put on production with gas lift from the Ilam reservoir.