reads well19 Sep 2018 09:09
Drilling on Tullow's Cormorant prospect in Block 2012B recently commenced. The Cormorant well is approximately 40 kilometres from Block 2011A and the Tullow block is contiguous with the south-east corner of Block 2011A (Figure 1). Cormorant is ranked by Wood Mackenzie as one of the "15 most anticipated conventional wells in 2018''. Aside from the wider prospectivity of its new acreage, the Company expects that the play to be tested by the Cormorant well extends into Block 2011A, and so positive results from Cormorant should provide Global with significant read across. Further south, Chariot's Prospect S well is due to spud later in the year where a successful outcome should further enhance the oil and gas industry's focus on offshore Namibia.