Vast provided the following update on the Niko-operated Qara Dagh Block in the Kurdistan Region of Iraq.
Drilling of the first exploration well on the Qara Dagh Block has reached a Total Depth of 3,908 meters. Drilling operations have been completed and logging of the open hole Cretaceous section below 3,558 meters has been initiated.
Subsequent to the completion of the logging operations, a flow test program will commence. The consortium partners have agreed to conduct a minimum of three tests across prospective intervals. The testing program is anticipated to be completed, and results available by end of June.
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