Salamander Updates Drilling Ops at Far East Prospect
by Salamander Energy plc
|Tuesday, June 26, 2012
Salamander Energy plc provided an operational update on the drilling at the Far East prospect in its operated B8/38 license, Gulf of Thailand.
The Far East well has been drilled to a total vertical depth sub-sea ("TVDSS") of 4,580 feet (1,396 meters) and is currently being prepared for a Drill Stem Test ("DST").
The well encountered a 82 feet (25 meter) section of excellent quality T5 Miocene sandstones, the primary target on depth prognosis. However, following the acquisition of a full suite of wireline logs, these sandstones are interpreted to be water-wet, with no evidence of hydrocarbon saturation.
The well was then deepened to test the secondary objective. The well penetrated a conglomeratic section overlying the Ratburi carbonates from 4,423 feet (1,348 meters) TVDSS to current total depth ("TD"). Oil shows were observed at 4,482 feet (1,366 meters) TVDSS and severe mud losses were experienced from 4,495 feet (1,370 meters) TVDSS. Interpretation of logging while drilling data shows zones of potential oil pay in highly porous section from 4,478 feet (1,365 meters) to current TD.
The well is currently being stabilized ahead of running a barefoot DST, the results of which will be known over the coming days.
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