Matra Petroleum Says Blue Topaz-9 First Well Objective Dry

Matra Petroleum says the Blue Topaz-9 well has reached 1668m and has penetrated the first objective of the Lower Pannonian and Miocene formations. Despite encountering substantial sections of sandstone no significant indications of hydrocarbons were observed.

Drilling is continuing to the second objective in the Triassic carbonates. This objective is an independently mapped structure anticipated below 1900m. The well is located on the Inke Concession in the Western Pannonian Basin in Hungary.