Today Roxi Petroleum plc (AIM:RXP) made a further announcement about the Galaz NK22 well. They have confirmed an oil discovery in the Lower Cretaceous and Upper Jurassic. Although we don't yet know the prospective size of the new discovery, we do know they have found 12.8m of net pay, which is in-line with the declared net pay on Well NK3 on NW Konys.
It was confirmed at the oil barrel conference later that the deeper, Middle Jurassic formation does not appear to be productive in this location, although it was implied that the Middle Jurassic is productive nearby. Moroever, the NK22 well is in the south-east corner of the block.
Canacol Announces 2010 work programme for Capella
14 years ago
Posts
