• Drilling of the Hibiscus extension appraisal well has started. This is a very material well that will test the possibility that the Hibiscus, South Hibiscus and Mupale are part of a single structure. In a success case, the recoverable resources at Hibiscus could be 3x larger than what has been proved up so far (155 mmbbl vs 46 mmbbl – Panoro WI: 17%) and double Panoro’s WI reserves in Gabon.
• The well will take 30 days to drill.
• The potential additional reserves at Hibiscus would require a ....
19 Apr 2021
Panoro Energy ASA (OSE: PEN): Adding to the drilling programme in Gabon
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Panoro Energy ASA (OSE: PEN): Adding to the drilling programme in Gabon
- Published:
19 Apr 2021 -
Author:
Stephane Foucaud -
Pages:
5
• Drilling of the Hibiscus extension appraisal well has started. This is a very material well that will test the possibility that the Hibiscus, South Hibiscus and Mupale are part of a single structure. In a success case, the recoverable resources at Hibiscus could be 3x larger than what has been proved up so far (155 mmbbl vs 46 mmbbl – Panoro WI: 17%) and double Panoro’s WI reserves in Gabon.
• The well will take 30 days to drill.
• The potential additional reserves at Hibiscus would require a ....