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SOCO International (LON:SIA.L) report: Well update – Kinganga Nyanya
October 27, 2010, Wednesday, 17:24 GMT | 12:24 EST | 20:54 IST | 23:24 SGT
By Daniel Stewart & Co
- TD has been reached on the wildcat exploration well, Kinganga Nyanya-1, in the Nganzi Block, DRC
- The target Lucula formation was reached but was not hydrocarbon bearing
- Oil pay was encountered in the secondary target Chela formation sands. On abbreviated tests the sands were found to be tight
- The well is going to be plugged and abandoned and the rig to move to the Bayingu-1 well which is targeting a four way closure
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