Looking Good4 Sep 2019 08:09
The first returns to surface indicate a mixture of hydrocarbon gas, CO2 and brine, although it is not fully
clear yet whether the brine is formation water or disintegrated mud due to CO2, or both. The planned
total depth of approximately 2500 meters in the fractured basement play target has not yet been reached.
Similar over pressured zones have been encountered in the basin which are associated with deeper
hydrocarbon discoveries in fractured basement.
The Iecea Mica-1 well has already intersected at least two (Pa IV & Pa V zones) and potentially three (Pa
III zones) hydrocarbon pay intervals which are behind casing. These zones are planned to be production
tested in the future. A further analysis of the abovementioned intervals will be provided in the near future
following the receipt of a third party petrophysical analysis.