PA Resources hits oil at Carla South

PA Resources - press release
Monday, May 20, 2013

The Carla South I-7 ST-1 sidetrack to the I-7 exploration well in Block I has encountered oil in good quality sandstones. The sidetrack in Block I in Equatorial Guinea has reached a total measured depth of 3,460 m. Drill cuttings, wireline log data and downhole measurements indicate that the sidetrack encountered an aggregate of approximately 9-11 m of net oil pay in good quality sandstones at several levels. The well is now being plugged and abandoned. PA Resources holds a 5.7% interest in Block I.

“The initial Carla South discovery which was announced on May 2,2013 extended the proven Carla trend from Block O into Block I, said PA Resources CEO, Dr. Phillipe Probst, PhD. "This deliberate sidetrack to that discovery has proven additional oil pay at several levels on the Carla trend. It is encouraging to have encountered oil pay, but further analysis of the data will be required to assess the implications of these results and the way forward. The 2013 drilling program in Block I will continue with an appraisal well and long term test on the Diega field later in 2013."

Categories: Africa Geology Oil Drilling

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