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Spud of Kunama-1 Well, Niger
Spud of Kunama-1 Well, Niger.
About this update from Savannah Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2088S Savannah Petroleum PLC 22 June 2018 \n\n22 June 2018\n \nSavannah Petroleum PLC\n(\"Savannah\" or \"the Company\")\n \nSpud of Kunama-1 Well, Niger\n \nSavannah Petroleum PLC, the West African focused British independent oil and gas company, this morning announces that the third well in its current Niger drilling campaign, Kunama-1, was spudded on 21 June 2018. Kunama-1 is located on the R3 portion of the R3/R4 PSC Area in the Agadem Basin, south east Niger.\n \nAs with the other wells in this campaign, Kunama-1 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 Upper Sokor being considered as upside. Savannah's competent person, CGG Robertson (\"CGG\"), has assessed total mean unrisked recoverable resources at Kunama of 35 mmbbls.\n \nDrilling is expected to take c.30-35 days, using Rig GW-215. The well is planned to be drilled to a total depth of 2,442 metres. The Company plans to log all prospective sections within the well, with further logging employed for hydrocarbon bearing sections. In the success case, the well will be suspended for future re-entry and further evaluation, which could include well testing and completion using a dedicated testing/workover rig.\n \nThe Company intends to announce the final well results after the end of drilling and logging operations.\n \n\n\n\nFor further information contact:\n \n\n\n \n\n\n\n\nSavannah Petroleum \n\n\n+44 (0) 20 3817 9844\n\n\n\n\nAndrew Knott, CEO\n\n\n \n\n\n\n\nIsatou Semega-Janneh, CFO\n\n\n \n\n\n\n\nJessica Hostage, VP Corporate Affairs\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nStrand Hanson (Nominated Adviser)\n\n\n+44 (0) 20 7409 3494\n\n\n\n\nRory Murphy \n\n\n \n\n\n\n\nJames Spinney\n\n\n \n\n\n\n\nRitchie Balmer\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nMirabaud (Joint Broker)\n\n\n+44 (0) 20 7878 3362\n\n\n\n\nPeter Krens\n\n\n \n\n\n\n\nEd Haig-Thomas\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nHannam & Partners (Joint Broker)\n\n\n+44 (0) 20 7907 8500\n\n\n\n\nNeil Passmore\nAlejandro Demichelis\n\n\n \n\n\n\n\nSam Merlin\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n...