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Pin to quick picksClontarf Regulatory News (CLON)

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Sasanof-1 well spudding

27 May 2022 07:00

RNS Number : 0543N
Clontarf Energy PLC
27 May 2022
 

 

27th May 2022

Clontarf Energy plc

("Clontarf" or "the Company")

 

 

Sasanof-1 well spudding

 

Clontarf Energy plc (AIM: CLON),is pleased to provide the following operational update on the drilling of the Sasanof-1 exploration well:

· Drilling of Sasanof-1 well has now started.

· The well was spudded with the jetting of the 36" conductor at a water depth 1,068.3 metres (below mean sea level "BMSL").

· Drilling is now underway on the 17-1/2" intermediate hole section to a depth of 2,030m (BMSL), 13-3/8" casing will then be run and cemented.

· This will be followed by the drilling the 12-1/4" hole section through the target reservoir section to a total depth of 2,500 metres (BMSL).

The current schedule expects drilling through the target reservoir occurring, at earliest, between Thursday 2nd and Sunday 5th June.

Further updates will be provided upon the completion of campaign milestones.

 

ABOUT SASANOF

The Sasanof Prospect covers an area of up to 400 km2 and is on-trend and up-dip of Western Gas' liquids rich, low CO2 Mentorc Field.

ERCE estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Tcf (Trillion Cubic Feet) of gas and 176 Million barrels of condensate (P50), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P10).

Sasanof is a large, seismic amplitude supported, structural-stratigraphic trap in the high-quality reservoir sands at the top of the Cretaceous top Lower Barrow Group formation on the Barrow Delta within the Exmouth Plateau.

Western Gas (519P) Pty Ltd is the holding company for Sasanof and comprises the following working interests:

· Clontarf Energy Plc (AIM: CLON) - 10%

· Western Gas - 52.5%

· Global Oil and Gas (ASX:GLV) - 25%

· Prominence Energy (ASX:PRM) - 12.5%

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

Ends

 

 

For further information please visit http://clontarfenergy.com or contact:

 

Enquiries:

 

Clontarf Energy

David Horgan, Chairman

John Teeling, Director

+353 (0) 1 833 2833

 

Nominated & Financial Adviser

Strand Hanson Limited

Rory Murphy

Ritchie Balmer

+44 (0) 20 7409 3494

 

Broker

Novum Securities Limited

Colin Rowbury

+44 (0) 207 399 9400

Financial PR

BlytheRay

Tim Blythe/Megan Ray

+44 (0) 207 138 3206

 

 

 

 

Teneo

Luke Hogg

Alan Tyrrell

Ciara Wylie

+353 (0) 1 661 4055

 

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UPDSEDSIWEESEII
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13th Jul 202312:35 pmRNSResult of AGM and Corporate Update
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16th Jan 20237:00 amRNS£1.3 million Fundraising and Corporate Update
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22nd Sep 20227:00 amRNSInterim Results for the period ended 30 June 2022
5th Sep 20227:02 amRNSShare Price Movement and Shareholder Update
4th Aug 20221:00 pmRNSResult of AGM and Capital Reorganisation
1st Jul 202211:04 amRNSDirector Change
29th Jun 202210:30 amRNSPosting of Annual Report
22nd Jun 20227:00 amRNSPreliminary Results for the Year Ended 31 Dec 2021
14th Jun 20227:00 amRNSSasanof-1 well completion
6th Jun 20227:00 amRNSSasanof-1 well final result
6th Jun 20227:00 amRNSResult of General Meeting
30th May 20228:00 amRNSSasanof-1 well drilling update
27th May 20227:00 amRNSSasanof-1 well spudding
23rd May 20227:00 amRNSSasanof-1 well mobilisation update
20th May 20224:41 pmRNSSecond Price Monitoring Extn
20th May 20224:36 pmRNSPrice Monitoring Extension
18th May 20222:06 pmRNSSecond Price Monitoring Extn
18th May 20222:00 pmRNSPrice Monitoring Extension
18th May 20227:00 amRNSSasanof-1 well mobilisation update
17th May 202211:00 amRNSPrice Monitoring Extension
12th May 202211:53 amRNSUpdate on Sasanof-1 well
11th May 20223:58 pmRNSNotice of General Meeting
10th May 20227:00 amRNSConsideration Shares to be Admitted to Trading
9th May 20227:00 amRNSAcquisition of 10% of Sasanof Prospect
27th Apr 20221:02 pmRNSPlacing to raise £3,500,000
12th Jan 20224:40 pmRNSIssue of Warrants and RPT

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