From BUY's 3rd Quarter Activity statement just released:The...

From BUY's 3rd Quarter Activity statement just released:

The Joint venture is planning to drill up to two wells in 2011. It will drill Nyuni 2 in late May 2011 when the mobilisation to Nyuni Island is completed. Nyuni Island is located 20 km. north of the Songo Songo gas plant.

Depending on results from Nyuni 2 the joint venture may drill the Fanjove North 1 well. The two wells will test targets totalling 1.2 TCF gas recoverable.

Nyuni 1 was drilled as a vertical well from Nyuni Island. It intersected a 15 metre gross gas column in the Albian/Aptian (late Lower Cretaceous) age sands. The underlying Neocomian (earliest Lower Cretaceous) age sands were probably water wet at that location. Nyuni 2 is to spud from the same pad as Nyuni 1 and will be directionally drilled to the south east to intersect the Albian/Aptian and Neocomian sands up dip from the proven gas in Nyuni 1.

Subject to the results of Nyuni 2, infill seismic and permits the rig may be moved to Fanjove Island to drill a vertical well into the Fanjove North Prospect only 10 km from the Songo Songo gas plant (see map). This will test the same reservoir sands as have been proven in the Kiliwani North and Songo Songo gas fields. Prior to drilling Fanjove North 1 it will be necessary to acquire transition zone seismic data to detail the structure. This well will be within the newly granted Development Licence.


Interesting, so if Fanjove North is successful then it can be quickly brought into production soon after Kiliwani North starts producing.