Falcon-1 is one of a number of projects that can boost the company’s production profile
The company said that drilling is progressing well towards two prospective zones identified previously by seismic, forecast at between 7,400 and 7,500 feet.
Currently, the drill programme is at around 7,160 feet. Once the well reaches target depth of 7,500 feet it will be conditioned and prepared for wireline logging.
Earlier this week, the company provided an update from the Stanley-4 well which produced a total of 1,661 barrels of oil in the period between September 22 and October 2, 2020. The average daily rate was measured at 200 barrels of oil per day (bopd) over a four-day period, it said.
Some 1,051 of the barrels produced from Stanley-4 were sold in September.
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