DNO Sees Oil-Flow at Bastora

DNO has reported oil flow at its Bastora-1 site in Iraqi Kurdistan.

Drilling of exploration well Bastora-1 in the Erbil license commenced on 7 September. The well has been drilled to total depth of 3,600 meters. As previously reported hydrocarbons were observed while drilling through several of the prospective intervals.

Two tests were undertaken in the lower part of the Cretaceous interval, both flowing water. A third test in the Cretaceous has now been completed. A flow rate of 500 - 600 barrels per day of 16-18 API was achieved during the test. The test was undertaken after acid stimulation of the perforated interval, and the well was flowed using a submersible jet pump. The well flow was not fully stabilized during the test. Various options for improving the flow rate from this zone at a later stage will be investigated.

Additional three tests are planned to be undertaken in the well. Once the full test program is completed and the results are evaluated, a further update will be reported to the market.

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