Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and development company with assets in Cameroon and the FSU, is pleased to announce updates to its operations in Cameroon.
La-105, the first new appraisal well to be drilled at Logbaba since the field was discovered by Elf SEREPCA, was spudded on schedule on 31 August 2009. The well will have a total depth of 10,000 feet (just over 3,000 metres) and will twin Well La-103. The primary target horizon will be the Campanian gas-bearing sands of the Logbaba formation around 6,500 feet. Well La-103 was drilled in 1956 and encountered gross sandstone pay of 56 metres and flowed at approximately 40 million cubic feet of gas per day, which is around 7,000 barrels of oil equivalent per day.
Drilling to total depth is expected to take 60 days, after which the well will be completed and then tested. While testing is on-going at Well La-105, the drilling rig will be moved off the well ready for spudding of the second appraisal well, La-106, from the same location.
Kevin Foo, Chairman of Victoria Oil & Gas, said, "The speed and efficiency that our team has displayed in spudding the first well at Logbaba less than 9 months after acquiring the field is exceptional. We should have preliminary results during November and our second well, La-106 is also scheduled for spudding in the final quarter of 2009."
