Eureka Energy reported that the operator of the Koyunlu-2 exploration well has drilled to a final depth of 1,311 metres. Both the Beloka and Mardin Formations were encountered with minor oil shows in the drill cuttings. Testing operations were conducted on the interval from 1,206 metres to final depth with no oil shows observed. Accordingly, the Operator has recommended that the well be plugged and abandoned.
The remaining 56 kilometres of additional seismic has now been acquired east of the Koyunlu-2 well location. This information will be processed to investigate the possible structural trends within the Garzan, Mardin and Bedinan Formations.
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