Chariot Ltd (AIM:CHAR, OTC:OIGLF) told investors that the Anchois-3 ‘pilot hole’, which tested a potential extension of the field’s resources was unsuccessful – it has now been plugged, and the programme has now moved on to the main appraisal hole as planned
Operations are now progressing in the 'main hole' appraisal sidetrack, according to the well’s original design.
In the main hole, Chariot said that preliminary interpretation indicates the presence of gas bearing reservoirs in the B sands. Further detailed work will now be undertaken to better understand the results.
Meanwhile, drilling operations continue in the main hole to evaluate deeper appraisal and exploration objectives.
In the Pilot Hole, the intention was to assess the upside potential of the Anchois Footwall prospect, but the well revealed that this prospect contained revealed water-bearing reservoirs in this location.