Tower Resources: Badada-1 well drilling update

Tower Resources plc, the AIM-listed Africa-focussed oil and gas exploration company, provides an update on drilling operations for the Badada-1 well, Block-2B, onshore Kenya.

Tower has received formal notification from Lion Petroleum Inc. the wholly-owned Kenya-based subsidiary of Taipan Resources Inc., and operator of Block-2B (Tower 15%, Premier Oil 55% and Taipan 30% working interests) regarding the status of the Badada-1 well as at 24:00 GMT on 20 January 2015.

The Badada-1 well was spud at 14:00 GMT on 7 January 2015 and has been drilled to a total depth of 918 m MDBRT (Measured Depth Below the Rotary Table) intersecting the Neogene sequence. A 20-inch casing point has been set at 298 m MDBRT and the well is currently drilling ahead with the 17½ in. section to the next casing point. The well is planned to be drilled to a total depth of between 3000 and 4000 m in order to test primary targets in Tertiary age reservoirs. The Operator expects the well to take up to 70 days to complete.

The Company will provide the next operational update in approximately two weeks when Badada-1 has progressed further. A comprehensive update will also be provided once operations on the Badada-1 well have been fully completed and analysed.”


Adapted from a press release by David Bizley

Published on 22/01/2015


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