Dana Makes Discovery with Faucon-1

Dana Petroleum reports that the Faucon-1 exploration well, currently being drilled in Block 1 offshore Mauritania, has encountered hydrocarbon bearing sandstones within the main Cretaceous age target horizon. Drilling has been temporarily suspended at 3,536 meters while a full suite of wireline logs, formation pressures, fluid samples and core samples are obtained. Thereafter, it is the intention to deepen the well by up to a further 700 meters in order to fully explore the Cretaceous section. A further announcement will be made in due course, regarding hydrocarbon type encountered and the likely size of the discovery, once all the data gathered from the well has been recovered and fully evaluated.
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