First the good news. They struck 37metre net pay before reaching primary target.
Now the bad news, they have stopped drilling for testing and will now not complete Kingfisher until after voting?
I wonder if Tullow leant on Heritage to do this?
From TMF:
Heritage Oil Corporation (TSX: HOC) today announced that it is preparing to production test the Kingfisher-1 exploration well in Block 3A, Uganda. The Company is planning to test up to four intervals with a total net pay of 37 metres in a stacked sand and shale sequence that is typical of the basin. In order to do so, drilling operations have been temporarily suspended.
The well has been drilled to a depth of 2,125 metres, and wireline logs and formation pressure testing and sampling have evidenced encouraging indications of hydrocarbons. Heritage anticipates that it will commence testing of the Kingfisher-1 well within a month and the testing program is scheduled to take up to three weeks.
The well encountered hydrocarbons within a section above the primary objective. Drilling to the primary objective is planned to recommence after this initial well testing operation has been completed. It is estimated that it could take a further 60 days to reach target depth of between 3,000 and 4,000 metres.
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