Remain postive2 Feb 2024 17:50
Following successful reperforating and extensive swab testing at Pinarova-1 by operator Aladdin Middle East.
Preliminary analysis of all data indicates that the source of these shallow light oils is most likely from spill or seepage from an underlying deeper light oil pool in the Kezer-Pinarova area. We will continue to investigate the commercial potential of both these future targets.
The testing operations involved successfully detonating 7-inch perforating guns at 12 shots per foot over a 40 ft section of Germik/Hoya sequence.
Costs for the operations were kept to a minimum throughout.
We will continue to analyse all data and explore both the potential updip shallow Germik/Hoya accumulation and the likely more significant deeper pool objective.
Operator Aladdin's cooperation, costs were fortunately kept to a minimum and it adds to our bank of data about the Resan licence for the future."