Melrose Resources to Plug & Abandon Well Offshore Bulgaria

Melrose Resources says that the Samotino No.1 well on Block Kaliakra 99 was spudded on October 5th and drilled to a depth of 1,870m. Hydrocarbon shows were encountered in a number of good potential reservoir sand sections throughout the Oligocene horizon which was the main target. Seal was identified as the main pre-drill risk and it is clear that hydrocarbons had migrated through the section but had not been trapped. The well will be plugged and abandoned.

The jackup, Saturn, will now be moved to the Samotino No.2 location to the south. This well will test an Eocene channel sequence offsetting the Samotino More well, drilled by a previous Operator in 1986, which tested gas and condensate.

Commenting on this, Robert Adair, Chairman, said:

'This well has implications for the prospectivity of the Oligocene in this area and the analyses and integration of the data from this well will take time. Targeting stratigraphic trapping mechanisms carries higher levels of risk and there is much to learn from this result. Our near term drilling efforts will now be concentrated on the other play types in Blocks Kaliakra 99, Emine and Rezovska. The Samotino No.2 well will be testing a different play type although this will have a similar risk (1:6 probability of success) to the Samotino No.1 test.'

Melrose has 100% ownership of Blocks Kaliakra 99, Emine and Rezovska, offshore Bulgaria.

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