Angola Update - KON-11

Source Company Press Release
Company Corcel Plc, Sonangol
Tags Country: Angola, Upstream: Upstream News
Date February 12, 2024

Further to the announcement of 28 December 2023, Corcel Plc (London AIM: CRCL) provides an update on the testing of the Tobias-14 ("TO-14") well in the onshore Block KON-11, in Angola where it has a 20% working interest (18% net). The Operator is  Sonangol, one of the largest hydrocarbon producers in Angola.

Operations Update:

The Operator has now reported to the Company that testing of the TO-14 well has formally begun. Delays in testing start have been encountered over recent weeks primarily due to longer than expected timelines for deliveries of required testing equipment, combined with severe inclement weather at the well location, which included heavy rains and regional flooding.

Once completed, the Operator will then move the test equipment to the TO-13 well pad, which is already being prepared for testing, and will conduct flow testing on the TO-13 well.

With testing underway, the Company now expects to receive initial flow tests results for TO-14 over the next several weeks and will update the markets on the results of the test programme in due course.

Source: EvaluateEnergy® ©2024 EvaluateEnergy Ltd