Amerisur Resources spuds exploration well Calao-1X

Writer, Stock Market Wire
Monday, February 4, 2019 - 09:19

Amerisur Resources said on Monday it had spudded Calao-1X exploration well on the CPO-5 block.

Calao-1X was spudded on 1 February, and was the second well to be drilled from the Indico pad to determine the prospectivity of the lower sands formation around the Indico discovery the company said.

Calao-1X would be a directional well, with a planned total measured depth of approximately 11,940 feet, targeting a structure alongside Indico to the southwest, towards the Aguila structure, the company said.

'Following the positive result from Indico-1, we are delighted to report the spudding of Calao-1X from the Indico pad to determine the size of the play,' the company said.

Amerisur held a 30% non-operated interest in the CPO-5 block which is 70% owned and operated by ONGC Videsh.

A further announcement would be made in due course once the well had been drilled and logged, the company said.

At 9:19am: (LON:AMER) Amerisur Resources PLC share price was +0.34p at 16.96p

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