PA Resources announces Carla South discovery offshore Equatorial Guinea

Image source: PA Resources AB.Image source: PA Resources AB.The Carla South (I-7) exploration well in Block I offshore Equatorial Guinea has struck oil at a total measured depth of 3,660m, according to PA Resources

Operated by Noble Energy, the Carla South exploration well in Block I has encountered oil in good quality sandstones at the target level.

Following the completion of logging operations, the well is being side-tracked to an adjacent target.

Drill cuttings, wireline log data and downhole measurements indicate that the deviated well encountered approximately 12m (measured thickness)/10m (vertical thickness) of net oil pay in the sandstones.

PA Resources holds a 5.7 per cent interest in Block I.

"We are pleased with this successful result which has extended the proven Carla trend from Block O into Block I," said PA Resources CEO, Bo Askvik.

"Further analysis of the data will be required to assess the implications of the well and next steps on this trend.

"This is a positive start to the 2013 drilling programme in Block I, which continues with a planned side-track to this well and a further appraisal well and long term test on the Diega field later in 2013."

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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