Thursday 31 October 2019

- Manora Joint Venture partners have approved a three well exploration drilling program plus a contingent appraisal side-track well scheduled to spud in the last week of November 2019.

- The exploration wells, in order of drilling, are Inthanin-1, Yothaka East-1 and Krissana-1.

- The contingent appraisal side-track is dependent upon success in the Yothaka East-1 and Krissana-1 wells and will appraise any significant hydrocarbon zones encountered.

- Combined best estimate (P50) Prospective Resources independently estimated at 1.13 MMSTB, net to Tap.

- Tap has budgeted US$1.72 million of expenditure for the three exploration wells on a dry hole basis and US$2.74 million of expenditure for four wells, including additional wireline logging to evaluate significant hydrocarbon occurrences.

- All prospects are within 5 km of the Manora platform and success will leverage Manora production and storage infrastructure.

Tap Oil Limited announced the Manora Oil Field Operator, Mubadala Petroleum, and Tap have approved the drilling of three firm exploration wells and an appraisal side-track contingent upon exploration success. The first well in the program, Inthanin -1 is expected to spud in the last week of November 2019 and will be followed by Yothaka East-1 and Krissana-1. A contingent side-track, into the Yothaka structure will be dependent upon the results of the Yothaka East-1 and Krissana-1 exploration wells.

More information here.