Matra Petroleum plc (AIM: MTA) announced it is suspending its (40 % working interest) Marcali-1 to test the Pannonian gas discovery – the primary target.
The well was drilled to 1620 m without encountering hydrocarbon shows in the secondary Triassic target. A workover rig will be used to test the company’s Horvatkut-1 and Marcali-1 gas discoveries.
Peter Hind, Matra's MD, said:
"We are planning a testing programme on both discovery wells that will allow us to acquire further data and complete the wells for future production. Using a workover rig is more cost effective and will allow us time to source the most appropriate equipment. This will take place in the next couple of months depending upon rig and equipment availability. Work on commercialising the discoveries will continue in parallel."