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Niko Resources provides drilling update


Published Sep 7, 2012
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Niko commerciality submitted for 8 satellite discoveries in the KG D6 block

The Shadow well reached a depth of 8,503 ft and did not encounter significant hydrocarbon-bearing sandstones. The well is currently being plugged and abandoned.

The Rowan Gorrila III will move to Maestro-1, the next location on Block 2ab, which is expected to spud early next week. The primary target is the Angostura sandstone, the producing horizon in the Angostura Field offshore Trinidad which is about 20 miles east of the prospect along the same structural trend. Resources estimates for the prospect are in the order of 200MMBO and 4 TCF of gas.

Tags: Niko Resources Ltd.




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