Eromanga has provided an update on drilling operations in the Sergipe Alagoas and Reconcavo Basins, onshore Brazil.

Flow testing of the PACA-2 discovery is planned to commence on Monday, February 16. The drill rig is in position and all necessary equipment has been purchased and is at site. Three zones will be tested: Coqueiro Seco Formation,

Morro do Chaves Member, Penedo Formation and the Barra de Itiuba Formation. Eromanga will report results to the ASX on each zone after it has been tested. The complete program is expected to take 25 days. Production at PACA 1 continues following the formal filing of a declaration of commerciality with the ANP, Brazil’s oil industry regulator. To date 7780 Bbl of oil has been produced from testing a cemented and damaged part of the Morro do Chaves Member. The results of testing at PACA 2 will allow the Joint Venture to re-estimate reserves and production levels for the full field development. These estimates are expected to be greater than the previously announced peak rate of 2000 barrels of oil per day (bopd) and Proved plus Probable reserves of 11 million stock tank barrels.

Following the testing programme at PACA-2, the rig will move to TATU-1 to commence a test programme over Zone "CCC" from 1129m to 1133m drilled depth in the Oiteirinhos Member of the Muribeca Formation. The test section will be stimulated with a glycol pre-flush. The JV will establish the flow potential of this zone in support of its application for a Long Term Production Test licence from the ANP. Planning for the up dip appraisal well TATU-2 has commenced with environmental applications underway. Drilling is planned to commence in early April.

Tags: Eromanga Hydrocarbons NL