Continental Focus, International Reach

Opuama-10 Encounters Net Pay

Thursday, July 26, 2018

Eland Oil & Gas, through its JV subsidiary Elcrest Exploration and Production Nigeria, issued and update on the Opuama-10 well on OML 40.  The Opuama-10 was drilled to a total true vertical depth of 8,121 ft, measured depth of 10,135 ft.

The rig is currently cementing 9-5/8 casing. The well encountered six oil-bearing reservoirs. Total net pay, in the six oil-bearing reservoirs, is 307 ft apparent vertical thickness.

The short string will be completed on the D1000 reservoir with 32 ft of perforation interval. The long string will be completed on the D5000 reservoir from 50 ft of perforation interval.

Following completion, under the regulatory guidelines the Opuama production team will conduct a Maximum Efficient Test (MER Test) incrementally testing the well at increasing choke sizes. It is expected that, following completion of the MER Test, initial gross production from Opuama-10 will be in line with previous guidance, at between 4,000 and 6,000 bpd, with total production from Opuama field expected to reach 30,000 bpd.


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