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Challenger Energy Group Plc poised for growth phase as Saffron well advances

() revealed results from the top section of the Saffron-2 well have been in-line with expectations.

The well has so far been completed to a depth of 1,593 feet, on time and on budget, and has encountered the Upper Cruse and upper parts of the Middle Cruse formations.

Logs for the sections are ‘as prognosed’ and consistent with comparable logs from Saffron-1, the company noted.

Drilling will now progress deeper to evaluate the deeper Middle Cruse, and then the Lower Cruse.

Read More: Challenger Energy Group Plc poised for growth phase as Saffron well advances

2021-06-04 05:15:24

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