Coro Energy PLC - Tambak-2 Well Spud
("Coro" or the "Company")
Tambak-2 Well Spud
As previously reported, the drilling rig Asian Endeavour 1 was mobilised from
The Tambak-2 well is primarily designed as an appraisal of the southern area of the Mako gas field. The well is a very large step out (over 13 km) south the Mako South-1 location, will be drilled as a vertical well and is prognosed to intersect the intra-Muda reservoir up dip from the Mako South-1 well, at a depth of approximately 380 metres below sea level. The well is planned to total depth at approximately 595 metres below sea level. A full reservoir evaluation programme is planned, including an extensive suite of logs, coring and open hole testing, in order to derive as much information as possible about the Mako gas field reservoir.
An independent review by
Total time to drill, core, log and test is estimated to be approximately 33 days, after which the rig is then planned to immediately move to the Tambak-1 location. Coro is fully funded for its share of costs associated with the drilling campaign.
For further information please contact:
Tel: 44 (0)20 3965 7917
Cenkos Securities plc (Nominated Adviser)
Tel: 44 (0)20 7397 8900
Tel: 44 (0)20 7390 0230
Tel: 44 (0)20 3167 7221
| || |
Tel: 44 (0)20 3657 0050
The information contained in this announcement has been reviewed by Coro Energy's South East Asian Business Manager and Geologist
The volumes included in this announcement are in accordance with SPE standards. Bcf means billion standard cubic feet; and MMboe means million barrels of oil equivalent.
This information is provided by RNS, the news service of the
Quick facts: Coro Energy PLC
Market Cap: £3.57 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE