Victoria Oil & Gas provides an update on drilling of Well La-105 at its Logbaba gas and condensate project in Douala, Cameroon (Logbaba).

During successful drilling of the 12-¼ inch hole section, around 90 feet of gross sandstone pay at approximately 4,000 psi pressure were intersected at depths between 6,030 and 6,120 feet measured depth. These gas-bearing zones were intersected as anticipated by the well prognosis and appear to have good porosity and permeability.

Chairman Kevin Foo said today, “We are very pleased to have encountered 90 feet of our first gas sands at Logbaba. These could ultimately result in new reserves for the field. This also means we can apply for the 35-year production rights for the project. Conditions in the well are complex so we are bringing in additional equipment before completing the final hole section.”

Tags: Victoria Oil & Gas Plc