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The drill ship “Stena Tay” was now running wireline logs and after the results are reported the well will be plugged and abandoned as planned. The well was drilled to a total depth of 2715 metres.
Appraisal drilling on the Tiof discovery was successful also with Tiof-3 yielding oil and gas intervals. “Preliminary assessment of logs acquired while drilling indicate the presence of oil in the target interval,” said a company statement.
Once logged the well would be sidetracked, cored and tested for reservoir characteristics. The Stena Tay would then drill the Dorade-1 well.
The news pushed operator Woodside over the $20 mark, the stock trading currently at $20.11 after reaching $20.25 earlier today.
Hardman surged also, trading at $2.31 at press time. Minor partner Roc Oil has pushed higher to $1.97.
