Skyland Petroleum announced that the semi-horizontal bore hole required for the full production testing on the Kumisi #2 Well in Georgia has been successfully completed on time and on budget.
The well showed positive indications of hydrocarbons whilst drilling and preparations are now being made to commence testing of this bore hole in the immediate future. It is expected that these testing operations will take up to one month to complete. This work is consistent with the Company’s core strategy of developing projects which are likely to give early production and cash flow.
Mark Sarssam, Chief Operating Officer, commented, “We are very pleased with the speed and efficiency with which this test hole has been drilled. We are encouraged by the presence of hydrocarbon indications and we look forward to the final results of the flow testing which, if successful, will give us the opportunity to generate early production and cash flow from our asset in Georgia.”
Skyland holds a 20% interest in Block XIG which contains the Kumisi structure and success in this well will open up an additional fairway within the area which could potentially be of a significant size.