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 an update on its Logbaba gas and condensate project ("Logbaba") in Douala, Cameroon.
At Well La-105, following sidetracking of the 12-¼ inch hole section, 9-5/8 inch casing has been set to a depth of 5,965 feet measured depth and drilling has reached a depth of 6,330 feet measured depth. A top-drive and third mud pump have been fitted to the rig to increase drilling efficiency and the equipment for mud cooling is being constructed on-site. Total depth of 10,300 feet is expected to be reached before the end of the year.
With the casing set above the 90 feet of gross pay previously intersected and announced on 16 November 2009, this pay zone will now be included behind the final 7-inch liner to allow for easier eventual production. Wireline logging has also been completed on the 12-¼ inch hole section.
The GeoDynamics Research passive seismic spectroscopy survey has been completed and a total of 74 measurements were taken. The data is now being processed and results are expected in around two months.
