Holloman Energy Corporation reports that the Baikal #1 exploration well on Petroleum Exploration License (PEL) 444 is expected to spud early December.
Senex Energy Limited has been engaged to manage the drilling services on behalf of Holloman's joint venture with Terra Nova Energy Ltd. and others.
The Baikal #1 will be drilled as a vertical slim-hole well to an expected depth of 2,050 meters (6,700 feet), and will take approximately 11 days to reach Total Depth. The well will target the mid-Birkhead channel sands. If Baikal #1 shows to be successful the well would be used as a production well.