Andalas Energy and Power Plc (ADL) is pleased to announce that it has been notified by Corallian Energy Limited (‘Corallian’), the operator of the P1918 licence in the Wessex Basin, that the Colter 98/11a-5 appraisal well (‘the Well’ or ‘Colter’) spudded at 10:10hrs on February 6th 2019. The drilling is expected to take three weeks.
Among Coriallian’s joint venture partners, Andalas Energy and Power represent the best leverage play for the Colter prospects with its 8% interest.
Andalas Energy & Power PLC CEO, Simon Gorringe, said: “We are delighted to announce the spud of the Colter appraisal well, which we invested in because of its attractive risk return profile. The well is targeting a historic discovery that lies close to existing infrastructure and is immediately south of Europe’s largest onshore oil field at Wytch Farm Field.
“Colter is the first well to be drilled in which Andalas has an interest since I became CEO and we look forward to announcing the results of this well, whilst the Andalas team continues to work on the other opportunities in our portfolio.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/06022019/andalas-announce-spud-of-colter-appraisal-well/