Is all dead yet?5 Feb 2024 10:41
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”, UKOG noted.
The testing operations involved successfully detonating 7-inch perforating guns at 12 shots per foot over a 40-foot section of Germik/Hoya sequence, a comprehensive injectivity and swab testing program, followed by an acidization operation and further swab testing, according to the release.
"Exploration drilling and testing is never guaranteed to deliver success, even if all prior indicators are positive. This is certainly the case for Pinarova-1, and we are disappointed by the lack of commercial flow”, UKOG Chief Executive Stephen Sanderson said.