Cadogan Petroleum Plc - Well Update
November 08 2018 - 5:48AM
PR Newswire (US)
Press
Release
8 November 2018 |
This announcement is deemed to contain Inside Information as
defined under the
Market Abuse Regulations n. 596/2014 |
Cadogan Petroleum
Plc.
(“Cadogan” or the
“Company”)
Well Update
Cadogan Petroleum plc. (“Cadogan”), an independent, diversified,
oil & gas company listed on the London Stock Exchange,
announces the Vovche-2 well reached the planned total depth
and was completed on time and budget.
Both pre-drill target horizons were penetrated and resulted oil
bearing from logs. Oil saturation in the lower target was further
confirmed by cores. A third, thinner interval, appears as
potentially oil bearing from logs.
The well has been cased and is being tested to establish
whether it is capable of sustaining commercial production
rates.
The results of the well tests will be communicated in
due course.
-ENDS-
For further information, please
contact:
Cadogan Petroleum plc. |
|
|
Guido Michelotti |
Chief Executive Officer |
+380 (44) 594 5870 |
Ben Harber |
Company Secretary |
+44 0207 264 4366 |
|
|
|
Cantor Fitzgerald Europe |
|
|
David
Porter
Nick Tulloch |
|
+44 (0) 20 7894
7000 |
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