Victoria Oil & Gas provides update on Logbaba drilling operations in Cameroon

8/17/2017

LONDON -- As of Aug. 16, Well La-107 has been successfully drilled to its planned TD of the 6-in. hole section at 3,180 m MD (3,166 m TVD) where the base of the Logbaba formation was encountered. The 4½-in. liner has been run and cemented to case off the Lower Logbaba Formation. Production completion is now commencing, after which the rig will be released from the well.

Preliminary analysis of the 107 logs indicates that we have encountered 35 m of net gas sand in the Upper Logbaba Formation, as previously announced, plus 23 m of net gas sand in the Lower Logbaba formation.

The production test is expected to commence in the first week of September and, by the end of September, the Board expects that La-107 should be tied in as a production well to the Logbaba production facility.

Following release from La-107, the rig will skid to Well La-108, where sidetrack drilling will recommence. Approximately 100 m of net gas-bearing sands have to date been encountered between the top of the Logbaba formation at 1,670 m TVD and at 2,702 m TVD at La-108.

The company’s plan is to progressively develop additional gas supplies from Logbaba from wells La-105, La-107 and La-108 over the next six months. Following the flow tests from La-107, this well can then be placed into production to supplement gas from La-105. The board believes that the additional reserves expected from La-107 and La-108 will also allow the company to conclude longer-term contracts with Douala based high-usage gas customers.

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