It must be stressed that the oil and gas indications being observed in this well do not necessarily mean that this reservoir will prove to have commercially produceable hydrocarbons. Further data will be required including wireline logs and flow test data prior to any firm conclusions being drawn. In addition there remain the usual technical risks in completing a deep well with a slim hole such as this.
CanArgo also reports that the Manavi M12 appraisal well has been spudded and is currently drilling ahead at a depth of 106 meters (348 feet).
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