RE: BTW …..16 Jul 2025 11:19
13th June 23 update
Operations update
Prior to setting 95/8" casing an inflow of gas into the well was experienced. A substantial drilling break from 339 to 350 metres TVD KB was identified as the source of the gas. This correlated with an 11 metre-thick, unconsolidated, good quality sand with elevated background gas readings.
Mud weight was gradually increased to 1.25 S.G., above that required to balance hydrostatic pressure. to reduce the inflow of gas into the well. This gas zone is therefore significantly overpressured (122 psi overpressured) and likely to be supported by connectivity to gas volume to provide pressure support.
A second thin sand with a 2.42% formation gas show was encountered at 750 metres TVD MD.
The Company's experienced management team safely set 95/8" casing at 764 metres TVD MD to protect the two new gas horizons, including the overpressured interval, that were not anticipated pre-drill based on offset wells MOU-1 and MOU-2. This was a difficult and challenging exercise for the drilling team but was achieved safely and without incident.