They stopped Taza 1 short due to well control issues. Maybe they had poked there nose into the Euphrates and retreated before they lost the well. They certainly knew they had an over pressured zone below the Jeribe.
So two zones containing hydrocarbons, one more to check. I believe the Euphrates/Kirkuk is the big producer in the area, so let hope they need a few cores before they are out of the oil.
It is a shame we need to wait another week before we hear how many, or how much they needed to core.
Anyway so far so good.
BTW this well was programmed for 12 months. I believe they must be a little ahead of time, unless they have a very big well test program planned. Though I feel they had a lot of contingency time due to all the hole problems they had for Taza 1, which they have avoided so far on Taza 2, due good casing placements.
OSH Price at posting:
$9.25 Sentiment: Buy Disclosure: Held
