5 / 10
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4
Development & Exploration
The main development and exploration activity in the period has been
the releasing of the drilling rig for Faihaa-4
(Block 9, Iraq) on 9 September 2017
. We anticipate the Company will commence drilling activities on
Faihaa-5 (Block
9, Iraq)
in the coming months, before year end. The table below provides the status of the development and
exploration wells for the reporting period:
Country
Basin/Area
Well Name
No.
of
Wells
Cost
Interest
Status at end of March 2017
2016 Carry-over Wells
Iraq
Block 9
Faihaa-3
1
60%
Production commenced on 12 February
2017, current production has stabilized
at a rate of 3,500 bbls (Gross) on a
40/64” choke size.
Oman
Karim Small
Fields
WRDM-K29
1
15%
Producing
YTD September 2017
Iraq
Block 9
Faihaa-4
1
60%
Spud 21 April 2017 with drilling
completed on 9 September.
Commercial production expected in Q1
2018.
Egypt
Abu Sennan
Al Jahraa SE-2X
1
53%
Exploration well spud 25 April 2017.
The well has been on production since
12 July 2017 producing at a rate of 100
boepd
Egypt
Abu Sennan
Al Jahraa-9
1
53%
Development well spud 10 June 2017
with the rig released on 20 August 2017
- however tests have shown the
produced liquids to be 100% watercut.
Oman
Karim Small
Fields
KM-P14/P15/P16/P17/P18,
SMPH-11, GZ-P10, HJ SW-P2/P3,
WRDM-K33, SL-P2/P3, JDRK-15,
SMPH-30, NSM-P6
15
15%
NSM-P6 on drilling
Total for 2017
18