$LBYE The North-West Bulgaria Asset The secon
Post# of 18850
$LBYE The North-West Bulgaria Asset 
The second half of 2009 saw Liberty Energy enter into a Purchase and Sales agreement to acquire rights to a rich natural gas property situated in North-West Bulgaria, 130km from the capital city Sofia.
Based within the A-Lovech exploration block which covers 1,830 square miles (or 1,171,200 acres) of the East European country, the property contains the deepest well drilled in Bulgaria for the past 30 years.
Known as Deventci-R1, this primary well sits on a 15-20 sq km geological feature known as the West Koynare structure, reaching a total depth of 5,888 meters (19,313 ft.) into the Lower Triassic Alexandrovo formation.
With bottom-hole pressure of around 11,500psi, this is the highest pressured gas reservoir to be identified in Bulgaria.
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