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The SL 328-1 well is being directionally drilled to test the Cib. Op. interval below 13,900 feet but has also been designed to evaluate shallower objectives at the 6900 Sand, Krumbhaar and Upper,
Middle and Lower Hollywood intervals.
Based on the Kent Bayou Field analogue, sand pay thicknesses exceeding 500 feet are possible at the Cib. Op. interval at Lake Long. The field operator, Kriti Exploration Inc has estimated the potential reserves of the prospect to be in the order of 766 billion cubic feet of gas equivalent.
FAR is participating in the Lake Long Deep Test well by paying 5% of the well (before
completion) reducing to a working interest of 4.09375%. Other participants are non
listed entities, Kriti Exploration Inc and Palace Exploration Company both based in North
America.
