Homerun-1 spudded on Monday with the companies expecting take 80 days to reach the well’s programmed total depth.
The first target at Homerun is roughly equivalent to the section encountered at total depth at the recently-drilled La Playa Deep prospect, while the second and third target horizons are older and are essentially untested in the area.
A statement from the partners said probabilistically-derived, pre-drill estimates of potential gas from all three target horizons in this well are 191 bcf at the P50 (median) level.
Interests in the target section are Novus (70%), Mitsui (20%) and Golden Gate Petroleum (10%).
