The Hoang Long Joint Operating Company, operator of Block 16-1 in the Cuu Long Basin offshore Vietnam, announces that the Te Giac Den appraisal well, TGD-2X,encountered hydrocarbons in a clastics sequence at approximately 4,450 metres measured depth. Drilled to appraise the "E" prospect discovery, TGD-2X reached total depth of 4,669 metres after penetrating the target hydrocarbon zone in the Oligocene "E" formation.

The well logging is ongoing, however, drilling shows and early log interpretation indicate two main reservoir sand intervals. Approximately 40 metres will be tested after a 7" liner is set and cemented.

Testing is expected to take approximately three weeks.

Tags: Soco International