Page 16 - AfrOil Week 04 2022

AfrOil NEWS IN BRIEF AfrOil

The Mamba project is in the exploration and that previously considered following an in-depth result in a payback period of less than one year
evaluation phase with further operations geological and reservoir review. at current oil prices. The Company expects to
required on these licences. The next stage of ROB-3 will target three proven hydrocar- update the market on its result in late February.
exploration is likely to be core hole drilling. Pos- bon-bearing reservoirs in the Cretaceous Upper The first well in the campaign, MSD-21, has
itive results from operations at Mamba could Meloussi sandstone formation, from which suc- been tied-in and is on production. MSD-21
expand the reserves footprint across Tlou’s pro- cessful production has been achieved from the is currently cleaning-up and should reach its
ject areas. In the event of successful development Robbana-1 well (ROB-1) for many years. In the expected production rate of around gross 300
at Mamba, it is envisioned that this area would be event of a successful outcome, ROB-3 is expected bpd in the coming weeks.
developed as a separate project from Lesedi, with to produce approximately 150-200 bpd. Funding SDX Energy, January 24 2022
the potential for gas-fired power, solar power for ROB-3 is expected to be obtained by way of
and hydrogen production. debt financing and from the Company’s existing Kinetiko’s Korhaan
Boomslang Project Area, Botswana. Licence: cash reserves.
Prospecting Licence 011/2019. Ownership: Tlou The necessary long-lead items have previ- wells intersect gas
Energy 100%. Prospecting Licence, PL011/2019 ously been acquired and are already on location.
designated Boomslang, is approximately 1,000 The Company is currently in the process of com- Perth-based energy exploration company Kine-
square km and is situated adjacent to the Com- pleting negotiations with a drilling contractor. tiko Energy Limited has provided an update on
pany’s existing licences. Drilling activities are scheduled to commence the status of appraisal/development Korhaan
To date, the Company has not carried out in June 2022, following the completion of civil wells.
ground operations in the Boomslang area having work activities and the mobilisation of a drilling Company chairman Adam Sierakowski com-
only received environmental approval to com- rig to the well location. mented: “The Company is exhilarated to see the
mence exploration activities in 2021. A renewal Update on ROB-1: The Company has sus- success so far in the exploration undertaken
application for the Boomslang licence was sub- pended production activities from ROB-1 on the Korhaan Project wells. With strong gas
mitted in December 2021. because of increasing water influx caused by a shows already observed, the flow testing of each
Tlou Energy, January 24 2022 possible lack of casing integrity. A casing integ- of the three wells in coming weeks is anticipated
rity test by to be run by wireline will shortly take to provide the platform for major milestones
place to determine the cause of the water ingress being achieved such as first production and
PROJECTS & COMPANIES in the wellbore. The necessary action to restore booking of maiden reserves.”
production will be taken accordingly. Remedial Korhaan-5 has completed drilling of the Pro-
Zenith Energy provides action to restore production from ROB-1 will be duction Section from 150 metres to 432 metres,
planned accordingly based on the results of the where TD was called due to the tight structures
operational update investigations performed. encountered. The well was immediately lined up
El Bibane concession: El Bibane is produc-
to a flare line in order to ascertain flow potential.
Zenith Energy has provided an update on its ing a stable rate of approximately 90 bpd net to Preliminary gas flows were established under
planned near-term drilling activities across its Zenith. Technical and reservoir investigations choked conditions with the drill string in the
oil and gas production portfolio in Tunisia. are ongoing. well, BOP closed on the pipe, and natural ground
Ezzaouia Concession: The Ezzaouia conces- Zenith Energy, January 24 2022 water flowback. The well was successfully logged
sion is producing approximately 500 barrels per to pinpoint productive intervals over January
day of oil and 18 mcf per day of natural gas at a SDX Energy spuds MSD-25 22-23.
stable rate. Korhaan-4: After a solid stabilisation period,
The Company is currently consulting with well at West Gharib the well was cleaned out and filled with fresh
its partner, Entreprise Tunisienne d’Activités water for logging. The logging strings included
Pétrolières (ETAP), having decided to perform AIM-listed SDX Energy, the MENA-focused the following suites of tools: Gamma Ray. Con-
sidetracks in two non-producing wells on a energy company, has announced the spudding ductivity, Pressure-Temp, Optical TeleViewer,
back-to-back basis to maximise cost control. of the MSD-25 infill development well on the Neutron, Density, Azimuth, Caliper.
The first side-track will be performed in well Meseda field. This well is the second in a ful- The logs showed substantial cumulative gassy
EZZ-18. The drilling programme for the well ly-funded 12 well development campaign on the sandstone intervals. The well is being prepared
intervention is currently being finalised with Meseda and Rabul oil fields in the West Gharib for multi-day flow rate testing planned to com-
ETAP. A casing log to determine casing integrity concession, Egyptian Eastern Desert. The devel- mence next week.
has been agreed and is expected to be performed opment drilling campaign is aimed at growing Korhaan-3: Drilling was continued from 102
in March 2022. The selection of the second side- production from current gross rates of circa metres to 177 metres where Surface Section TD
track well has still not been finalised and will 2,100 bpd to circa 3,500-4,000 bpd by early 2023. was called after substantial gas was encountered
be determined upon completion of a reservoir The MSD-25 infill development well on from the uppermost sands. The well was cased to
study to optimise the selection of the most pro- the Meseda field (SDX: 50% working interest) 174 metres to mitigate pressure buildup behind
ductive and technically favourable well. spudded on January 23 and is targeting the Asl the tubulars and was cemented on 23 January.
Zenith is expecting to achieve a gross produc- Formation reservoir at approximately 3,250 feet After curing, we will continue to drill Korhaan-3
tion rate of 1,000 bpd from the Ezzaouia conces- TVDSS. It is estimated that the well will take Production Section, expecting to TD and log the
sion upon completion of the two sidetracks. around six weeks to drill, complete and tie-in well by the end of January.
Robbana Concession: The Company has to the existing infrastructure. MSD-25, with an The observed presence of gas in Korhaan-3
finalised plans to drill Robbana-3 (ROB-3) in expected gross cost to drill and tie in of $900,000 continues Kinetiko Energy’s 100% success rate in
the Robbana concession, a new well that will to $1.0mn, is anticipated to come on-line and its exploration and appraisal campaigns in South
reach a total target depth of approximately 2,500 produce at around gross 300 bpd, which would Africa.
metres, having designated a different location to have an immediate effect on Group cashflow and Kinetiko Energy, January 24 2022

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