RE: NEXT STAGE17 Mar 2025 11:42
MOU-5 well not only met its drilling objectives within budget and time, but it also encountered several promising features points:
Proven Target: The top of the Domerian carbonate was successfully reached, even though it was deeper than expected due to mobilised salt. This actually enhanced the potential topseal quality.
High-Quality Data: Good quality resistivity and sonic logs were acquired, providing a strong basis for further evaluation.
Unexpected Discoveries: An unexpected 30 meters of good quality sand was encountered below the carbonate, a discovery that had not been seen before in the Guercif Basin.
Forward-Looking Plans: The well data is set to inform a new "Jurassic Project" and will guide further exploration with 3D seismic surveys.
All these points indicate that MOU-5 is generating valuable data and opportunities for further development rather than being a non-productive or "dry" well !!