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Frontera Resources completes drilling at Dino-2 well
European focused exploration and production company Frontera Resources has successfully completed drilling operations at the Dino-2 well, the second well in a three-well drilling campaign at its Taribani asset in Georgia.
Frontera side-tracked the well from an existing wellbore before drilling to a vertical depth of 2700m into the Eldari formation, situated within its Block 12 license in Georgia, with data from the drilling and wireline logging confirming the presence of 78.8 m of combined pay interval of target zones 9, 14 and 15.
Cement bond logging indicated a consistent bond across all zones of interest, allowing for effective containment of the fracturing stimulation.
Frontera noted that the current bottom hole pressures at Dino-2 were calculated to be between 6,800 and 7,200 psi.
Once the drilling rig, set to be moved to its T-39 well location for commencing well sidetracking and drilling operations there, is released from Dino-2, wireline and pressure pumping equipment will be mobilised to the site for perforation and mechanical stimulation of Frontera's target zones and further well testing.
As of 1200 BST, shares had gained 4.50% to 0.58p.