StockMarketWire.com - Jubilant Energy has spudded the Kathalchari-NE appraisal well in the southern part of the Tripura block.
The well - which was spudded on 21 February - is the second drilled to appraise the Kathachari-1 (K-1) discovery.
The well is located four kilometres north-northeast and up-dip from K-1 and 2.6 kilometres north-west and down dip of the first appraisal well Srikantabari-1. The KL-NE will be a vertical well drilled to a total depth of 2,990 metres measured depth.
This well will test the Middle Bhuban equivalent sands encountered in the K-1 well, one zone of which had flowed at a rate of 5.2 mmscfd. These equivalent sands are expected to be encountered approximately 600 metres up-dip of the K-1 sands.
The well is the fifth well to be drilled on the block.
Jubilant holds a 20% participating interest in this block through its subsidiary Jubilant Oil & Gas Private Ltd India which is also the operator for the block.
GAIL India Limited holds an 80% participating interest.
At 9:02am: (LON:JUB) share price was 0p at 27.5p
Story provided by StockMarketWire.com
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