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Monday, April 1, 2024
Corcel Plc reports that testing of the TO-14 well continues following significant weather and equipment-related delays earlier in the year. The company states that reactivation of the fractured carbonate reservoir has been challenging, but there is continued focus on engineering solutions to flow test the well from the most prospective zones identified during the drilling phase.
Continued engineering work is being conducted to identify solutions to flow both TO-14 and the yet untested TO-13 well. Sonangol, the operator, is following through with the completion program for both wells with continual updates to the program based on new information obtained with progression of the engineering work.
Additional activities are being progressed across the Corcel acreage in KON-11, KON-12, and KON-16. An eFTG survey (electromagnetic full-tensor gravity) acquisition is scheduled to begin by early May 2024. This data will be acquired over the three blocks in which the Company has an interest and will provide a quasi-3D resolution of the structures across the area, which will aid in prospect identification and delineation.
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