Petroceltic reports successful well testing

Oil and gas exploration company Petroceltic has reported progress in its well testing in Algeria.

The company said testing of the Objective Devonian F2 formation at well INE-2 has been "successful", with a gas well test rate of 4 million standard cubic feet per day.

Well INE-2 was the commencement well of the current drilling campaign on the Isarene permit in the Illizi basin, which was drilled to a total depth of 1020m in June 2009.