Kulczyk Oil Ventures Inc.: Brunei Block L Lempuyang-1 Update

Kulczyk Oil Ventures Inc. (WAR:KOV) advised that theLempuyang-1 exploration well in Block L, onshore Brunei Darussalam has reached a final total depth (“TD”) of 3,220 metres measured depth from rotary table (2,817 metres true vertical depth) .

The press release is quoted as saying:

The drilling and wireline logging of the Lempuyang-1 well is now complete and a 4.5″ liner is being set to total depth in preparation for the possible testing of the well. The TD was set above the original proposed depth of 3,500 metres MDRT because of drilling challenges associated with managing overpressures in the well. Overpressure was expected and accounted for in the original well design. However, several significant gas kicks encountered while drilling meant that the design needed to be modified to suit the conditions in the wellbore. Three of the four target horizons in the wellbore were fully penetrated and assessed by the well. However, only the upper part of the lowest horizon (Green) was intersected. The preliminary interpretation of the wireline logs indicates possible gas charged reservoirs at each of the three lowest target horizons.

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