The first zone to produce a commercial flow will be tied into production and testing of the remaining zones will be postponed until that zone is depleted or a development well is drilled.

If this zone fails to flow then the next zone will be perforated and tested.

This sequence will continue until either a commercial gas flow is obtained or all of the five zones have been tested.

At the JV’s Homerun-1 well three primary zones have been targeted with the first zone roughly equivalent to the section encountered at total depth at La Playa Deep, while the second and third target horizons are older and are essentially untested in the area.

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 both the wells stand at Golden Gate 10%, Novus Petroleum Ltd (operator) 70% and Mitsui Oil Exploration Co Ltd 20%.