Doesnt look good - no hydrocarbons in primary target but gas shos in several Sarmatian intervals:
From EOG RNS:
voitinel-1 to test gas sands
The Directors of Europa Oil & Gas (Holdings) plc wish to provide an update on
operations on the Voitinel-1 exploration well. The well reached a final TD of
2,076m ahead of schedule on 19th September 2009. The well failed to find
hydrocarbons in the primary objective but encountered gas shows in several
Sarmatian intervals.
Log analysis of the Sarmatian sandstones indicates the potential for
approximately 7m of gas pay in a gross interval between 1,650 and 1,675m.
Consequently, the well will be completed and the rig released prior to
mobilizing equipment to perforate and perform a flow-test over the interval
1,664 to 1,671m. Depending on the results of this flow test, there is a
similar additional 29m gross interval at 1,400m that could be tested at a later
date.
Paul Barrett, Managing Director, said `Despite the absence of hydrocarbons in
the Badenian, the presence of gas in the overlying sandstones is encouraging
and we look forward to providing details of the test result from this interval
in due course.
