Pate 2 Well Drilling On Schedule to Reach Total Depth in Mid October

The Ongoing drilling of the Pate 2 well in Lamu’s Pate Island in Block L4 is continuing as scheduled according to Zarara Oil and Gas country manager Peter Nduru with drilling expected to reach the total depth mid next month.

According to Mr Nduru the well which is being drilled using the Sakson SK046 drilling rig since August 10th 2018 continued from the 300-meter depth reached by the Drilling Spares & Services Limited (“DSSL”) which spud the well in April and is currently at a depth of 3400 meters of the expected total depth of 4500 meters.

Mr Nduru says should the company strike any gas thereafter testing will begin to test the quality of the gas as well as to determine the quantities.

It should be noted that the Pate 1 well drilled in 1973 by Shell and BP and which is located less than 100 meters away encountered over-pressured gas-charged sands in the Basal Kipini reservoir at 4,175 metres MD and the drilling is thus approaching a critical depth. The well saw gas flowing from an uncased hole section for 2-3 days during drilling before it was eventually brought under control and then plugged with cement and abandoned.

Mr. Nduru adds that the decision to continue to the Pate 3 well a directional well whose drilling pad is 50 meters away will be made following results from the Pate 2 well.

Zarara Oil and Gas Limited (‘Zarara’) which holds a 75% working interest is a 100% subsidiary of Midway Resources. CH-Swiss Oil Holdings International holds 15% and the National Oil Company of Kenya at 10%. MRI has negotiated a legally binding heads of agreement for the eventual acquisition of the 15% interest of CH-Swiss Oil Holdings