Africa Oil, Horn drill Shabeel well to 2,703 metres
2012-04-11 17:19 ET - News Release
Also News Release (C-HRN) Horn Petroleum Corp
Mr. Keith Hill of Africa Oil reports
AFRICA OIL CORP.: DRILLING OPERATIONS UPDATE ON SHABEEL WELL IN
PUNTLAND, SOMALIA
Africa Oil Corp. is updating the market on the drilling operations
on the Shabeel well in Puntland, Somalia, which is being drilled by
the company's 51-per-cent-owned subsidiary, Horn Petroleum Corp.
Horn is the operator and holds a 60-per-cent working interest in
the Dharoor and Nugaal Valley production sharing agreements, along
with working interest partners Range Resources (20 per cent) and
Red Emperor (20 per cent).
The Shabeel well is currently at a depth of 2,703 metres and has
just completed the setting of the 9.625-inch casing. The well
drilled through primarily tight limestones and shales of Lower
Tertiary to Upper Cretaceous age and encountered a 355-metre
section of Upper Cretaceous sands and shales of the Tisje/Jesomma
formations at a depth of approximately 1,660 metres. The sands in
this interval exhibited both oil and gas shows, and petrophysical
analysis of downhole electrical logs indicates a potential pay zone
of between 12 and 20 metres in the section. Attempts to sample
formation fluids using a wire line formation tester were not
successful and thus the zone will require cased-hole testing to
confirm whether it is oil bearing. At a depth of 2,015 metres a
thick section of tight limestones and shales was encountered
extending to the present depth of 2,703 metres, which is believed
to correspond to the Upper Cretaceous Gumburo formation.
The forward plan on the well will be to drill ahead to the
originally planned depth of 3,800 metres to evaluate the primary
and secondary reservoir targets in the Lower Cretaceous and
Jurassic intervals equivalent to the main productive section seen
in the analogous fields in Yemen. A testing program, including the
zones of interest seen to date and any deeper potential pay zones
identified, will be agreed with the partners at that time. Upon
completion of this well the company plans to move the rig to the
Shabeel North location, on which construction is nearing
completion.
David Grellman, Horn's president and chief executive officer,
stated: "We are encouraged by the results to date and pleased that
we have confirmed the presence of an active petroleum system in the
Dharoor Valley. We look forward to drilling ahead into the primary
objectives of the well and hope to confirm the shallow prospective
zones by testing in the near future."
We seek Safe Harbor.
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