ADX Hits Hydrocarbons at Lambouka Well

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ADX Energy has discovered hydrocarbon-bearing zones in the Lambouka-1 well. The well reached a total measured depth of 9,140 feet (2,786 meters), and wireline logs have confirmed a net pay of about 75 feet (23 meters) in at least two reservoir units in the Abiod formation.

The hydrocarbons likely consist of gas and possibly condensate in the lower interval, based on shows encountered while drilling. Based on wireline interpretation, the first water-bearing reservoir was encountered about 755 feet (230 meters) below the upper hydrocarbon zone. Drilling data indicate that the Abiod limestone formations at the well are extensively fractured, which is a positive factor for reservoir productivity. Due to ongoing fluid losses and the deterring wellbore, it isn't possible to safely recover fluid samples or pressure data from the formation.

The joint venture will now decide on whether to suspend or plug and abandon the well. A decision depends on whether suspension and future re-entry will provide the best opportunity to minimize rig time and maximize reservoir information acquired from a drill stem test.

The Lambouka prospect is situated in the Kerkouane permit offshore Tunisia in a water depth of roughly 1,312 feet (400 meters) of water. AuDAX serves as the operator, holding a 30% interest. Partners on the license are Gulfsands Petroleum, holds 30%; Bombora Energy holds 10%; Carnavale Resources holds 20%; PharmAust holds 10%.

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