Dawn Well Operational Update (8391Y)
04 Januar 2011 - 8:00AM
UK Regulatory
TIDMDES
RNS Number : 8391Y
Desire Petroleum PLC
04 January 2011
For immediate release 4 January 2011
Dawn Well Operational Update
Desire Petroleum plc (AIM:DES) the company wholly focussed on
the North Falkland Basin, advises that the 25/5-1 well on the
Dawn/Jacinta prospect has reached a total depth of 1,697 metres in
pre-rift sediments.
Based on preliminary drilling and wireline logging data there
are no significant hydrocarbons in the Dawn prospect and the well
will be plugged and abandoned with gas shows around 1,434 metres.
The lithology in the section from 1,313 to 1,697 metres is
predominantly claystone and good quality sandstone with 71metres of
net reservoir based on initial log analysis.
Wireline logging and abandonment operations will now be
completed and the rig will then go to Rockhopper Exploration to
drill 1 or 2 wells, subject to regulatory approval, before
returning to Desire to drill a well at a location still to be
finalised and subject to regulatory approval.
The Dawn well was testing a significant fault block at the
southern margin of the main basin, some 28 km from previous well
control, with primary reservoir targets in the syn-rift and
pre-rift. These targets are stratigraphically older than the
reservoirs in the East Flank play. The implication of the well
results for remaining prospectivity in this part of the basin will
be assessed once the new data has been integrated and all post-well
studies are completed.
Subsurface support is provided to Desire Petroleum by Senergy
(GB) Ltd and the results reported today are based on the work of
the Senergy operations team.
This statement has been approved by Dr Ian Duncan of Desire
Petroleum plc, who is a Fellow of the Geological Society, Chartered
Geologist, and a member of the American Association of Petroleum
Geologists with over 35 years experience in petroleum exploration
and management.
For further information please contact:
Desire Petroleum plc 020 7436 0423
Stephen Phipps, Chairman
Dr Ian Duncan, Chief Executive
Officer
Seymour Pierce Limited 020 7107 8000
Jonathan Wright/Stewart Dickson,
Corporate Finance
Richard Redmayne / Paul Jewell,
Corporate Broking
Buchanan Communications 020 7466 5000
Ben Romney
Tim Thompson
Chris McMahon
This information is provided by RNS
The company news service from the London Stock Exchange
END
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