KrisEnergy Ltd. announce that the Cua Lo 1 ST-1 exploration well in Block 105-110/04 ('Block 105') has reached a total depth of 2,867 metres measured depth ('MD'), or -2,800 metres total vertical depth subsea ('TVDSS'). The operator, Eni Vietnam B.V., is currently running wireline logs prior to undertaking a drill stem test. The Company intends to make a further announcement once all data has been received and analysed.
The Cua Lo 1 ST-1 well is a sidetrack well to the original Cua Lo-1 exploration well, which commenced drilling on 11 August 2013 and was then subsequently plugged back from a depth of -2,531 TVDSS and sidetracked due to an unexpected high pressure kick. Drilling operations have been further delayed by a series of strong typhoons passing through the region, which have resulted in the evacuation of crew from the Ensco 107 jack-up rig on four occasions.