The Directors of Bow Energy Ltd announced announced they have been advised by Santos Limited, the operator of the ATP 752P Farmin Joint Venture (15% Bow after farmin completed), that the Barta North-1 oil exploration well encountered potential oil zones and has been cased and suspended for future testing next during the upcoming quarter.
The Barta North-1 exploration well targeted the Murta sandstone approximately 4 kilometers west-south-west of the Cuisinier]1 Murta sandstone oil discovery. The Barta North-1 well encountered a strong oil show with up to 4.5 meters of net pay interpreted in the Murta sandstone. The Murta sandstone reservoir at Barta North-1 may be similar to the Cuisinier-1.
Murta sandstone reservoir which is currently producing. Deeper in the well, a moderate oil show was seen over a 6 meters interval within an intra-Birkhead sandstone. Both zones in Barta North]1 will be further evaluated by cased hole testing to determine
Bow Energy participated in the drilling of Barta North]1 at no cost and will contribute 15% of the cost for production casing and cased hole testing.
The drilling rig has mobilized to the Cuisinier-2 well location, an appraisal well for the Cuisinier Oil Field, which spudded over the weekend. Bow is fully carried on the drilling of the Cuisinier-2 well.
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