Epsilon, with its wholly owned subsidiary Epsilon Energy Yemen ltd. (EEYL) and its partners Oil and Gas Mine Company (OGMC), Geopetrol Shabwa Corp. and Yemen Oil and Gas Corporation (YOGC), has provided the following operations update on Block 41 in the Republic of Yemen.
Drilling operations have commenced on the Kaninah-1. The well is currently at a depth of approximately 550 meters on the way to a total planned depth of 2330 meters.
Drilling operations on the West Mahrawa-2 has been completed. The West Mahrawa-2 was drilled to a depth of approximately 2,582 meters. The drilling rig has been released and a work over rig is being brought in to test the well for commercial oil production, which is expected to take two to four weeks.
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