Indus Makes Headway on Drilling, Casing of SPF-1 Well

Indus Gas Limited has successfully drilled and cased the SPF-1 well as planned to a total depth of 3,564 meters.

Wireline logs indicate the well intersected three gas bearing reservoir intervals in the Early Cretaceous Pariwar formation. During initial testing of these zones, gas and water (interpreted as Formation water) were produced with gas flared continuously for 48 hours. A 6m interval was intersected at a depth of between 3,267-3,273 meters, a further 8m interval was encountered between 3,226-3,234 meters and the final 12m interval at a depth of between 3,208-3,220 meters.

The SPF-1 well was drilled to assess SFT-1/P prospect in the Pariwar – P10 sequence section in Block RJ-ON/6 in the mid Indus basin, India. Further testing, which will require production logging tools, will enable the Company to obtain a better analysis of the gas/water behaviour and obtain pressure and flow rates. The Company is currently mobilising the additional equipment needed.

Indus has a 90% participating interest in the Block and Focus Energy is the operator with a 10% participating interest.

The drilling rig will now be moved to the next well location and testing of the SPF-1 well will continue using a workover rig.