Richard Anderson, President and Chief Executive Officer, commented, "FCP is pleased with the results of ZCHW-1 as they confirm the southwest extension of a structural trend which, from 3D seismic data, is mapped over more than 125 km(2) on Block 406a. The 3D seismic data and these drilling results indicate a large area to be prospective for further drilling on this trend."
Testing of the ZCHW-1 well will commence at a later date to coincide with other completions and testing operations.
FCP plans to commence drilling operations later this month on the exploration location at RTN-1, which is located 5.3 km north of the ZCH-1 well. RTN-1 will target a separate structure to both ZCH-1 and ZCHW-1.
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