KrisEnergy Ltd. is pleased to announce that the Ca Ngu-1 exploration well in Block 120 has reached a total depth of 1,290 metres measured depth (MD), or 1,267 metres total vertical depth subsea (TVDSS).

The Ca Ngu-1 well commenced drilling on 10 October 2013. Water depth at the Ca Ngu-1 location is approximately 270 metres. Wireline log data confirmed the presence of gas in Pliocene sandstone reservoirs, and a 15.2 metre gross hydrocarbon column within the Miocene carbonate reservoir, comprising a 10.6 metre gas column above a 4.8 metre oil rim. Drilling operations have been delayed by a series of strong typhoons passing through the region, which have resulted in the evacuation of crew from the Songa Mercur semisubmersible rig on several occasions.

Tags: KrisEnergy Ltd.