The drilling rig will be demobilized once abandonment operations are completed. The two drilled structures appeared to have valid structural closure and the lack of commercial hydrocarbons could therefore be due to an insufficient source charge or hydrodynamic flushing of the reservoirs by formation water. Further study is required before any firm conclusions can be reached.
The current exploration phase terminates in May 2007. The Company is integrating the well data into the geological model in order to evaluate the future exploration potential of the block.
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