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Caracal Energy provides update on operations in the Republic of Chad


Published Mar 6, 2014
Caracal Energy Inc.

Caracal Energy Inc. provide an update of exploration, development and production operations in the Republic of Chad.

Highlights include:

◾ Current production increased to 14,200 gross barrels oil per day (bopd), from 12,000 bopd as reported on January 20, 2014; ◾ Production at the Badila field is continuing from the original three wells with a 15-20% water-cut, in line with expectations; ◾ Badila-7 is currently drilling at 1,260 meters and Badila-9 is expected to spud over the next 7 days. Both of these wells are expected to provide additional production rate capacity; ◾ Mangara-6 has been completed and testing of the Cretaceous E sands is underway. The comprehensive completion program is also testing the Cretaceous D and C sands. Mangara-6 is expected to be on production later this year when the Mangara field is brought on stream; ◾ Mangara-4 has been successfully side-tracked and cased as a Cretaceous E sands producer; ◾ The first of the four new drilling rigs contracted in 2014 has arrived at the port in Cameroon, on schedule, and should be on site in Q2; ◾ The 2014 exploration program is underway in the Kibea - Beche area, where 3D seismic is nearing completion; and ◾ The Company's first oil sales tanker lifting is now expected before the end of March 2014.

Tags: Caracal Energy Inc.




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