Circle Oil Plc provides the following information on the Company's activities in Oman.
Oman Block 49 -Exploration Well Shisr-1
The company has taken a decision to plug and abandon the well (which reached a measured depth of 1,650 metres) due to drilling difficulties, which have not been encountered to the same extent in previous wells in the area, no hydrocarbons were found. The primary target had been the Hasirah sands prognosed at a depth of 1,890 metres.
The Bottom Hole Assembly became stuck below the 9-inch casing shoe which had been set at 819 metres. Multiple attempts were made to remove the BHA but these proved unsuccessful.