Business
Niger Operational Update
Niger Operational Update.
About this update from Savannah Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3385H Savannah Petroleum PLC 12 March 2018 \n\n12 March 2018\n \nSavannah Petroleum PLC\n(\"Savannah\" or \"The Company\")\n \nNiger Operational Update\n \nSavannah Petroleum PLC is this morning pleased to provide an update on its operations in Niger, ahead of the commencement of its three well drilling campaign on the R3 portion of the R3/R4 PSC Area in the Agadem Basin, south east Niger.\n \nOperational Update\n \nThe construction of the Bushiya well pad, the first well in the Company's campaign, has been completed. The well site is now fully manned and operational, with over 100 personnel on site, including Great Wall Drilling Company Niger SARL rig crew and Savannah drilling supervisors.\n \nRig GWDC 215 is on location at Bushiya, with preparations for spud underway. Drilling continues to be on track to commence by the end of March 2018. A selection of photographs of Savannah's operations at Bushiya has been uploaded to the Company's website at http://www.savannah-petroleum.com/en/gallery.php.\n \nIn preparation for the rest of the drilling campaign, well pad construction for the second well, Amdigh, is over twenty per cent. progressed. Civil work operations at the site are expected to be complete by the end of March 2018, at which point the Company's contractors will commence work at the Kunama site. Further updates will be provided in due course.\n \nDrilling Campaign\nAs previously announced, Savannah's drilling campaign is intended to target three prospects on the R3 portion of the R3/R4 PSC Area: Bushiya, Amdigh and Kunama (all defined on 3D seismic). \nSavannah's competent person, CGG Robertson (\"CGG\"), has assessed total mean unrisked recoverable resources across the three targets at 110 mmbbls (a simple arithmetic sum of the three targets). Each well is designed to evaluate potential oil pay in the Eocene Sokor Alternances as the primary target, with the secondary target of potential oil pay in the Eocene-Oligocene Upper Sokor being considered as upside.\n \nInitial Drilling Campaign Planned Targets\n \n\n\n\n\n \n\n\nAlternances Unrisked Mean Recoverable Resources, mmbbls\n\n\nUpper Sokor Unrisked Mean Recoverable Resources, mmbbls\n\n\nTotal Unrisked Mean Recoverable Resources, mmbbls\n\n\n\n\nBushiya\n\n\...