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<\/p>\nThe third well named Korhaan-3 is estimated to reach a depth of 400m-450m to test
\nthe gassy sandstones and coal bed methane (CBM) horizons from the known coal
\nbeds that were intersected and observed to be gassy from adjacent (400m away)
\nflow tested gas wells KA-03PT2 and KA-03PTR (Figure 1). With three new well of the
\nKorhaan project now successfully spudded the Company\u2019s expectations are high
\nthat all five wells are intended to become potential early, pilot-production wells,
\nwith comingled production to an infield offtake facility being planned.<\/p>\n
Well Korhaan-3 is being drilled with air\/ percussion to TD estimated to be between
\n400-450m. The spudding of Korhaan 3 is the last of the three well Korhaan project
\nprogrammed to be completed this year. The three-well drilling program to has been
\nsuccessfully undertaken within 400 metres of KKO\u2019s proposed gas collection
\nterminal at Amersfoort where access and infrastructure is being established to
\nenable the completion of off take negotiations.<\/p>\n
<\/p>\n
The second well named Korhaan-5 spudded in mid November to reach a depth of 400m-450m to
\ntest the gassy sandstones and coal bed methane\u00a0 horizons from the known
\ncoal beds that were intersected and observed to be gassy from adjacent (400m
\naway) flow tested gas wells KA-03PT2 and KA-03PTR<\/p>\n
Preliminary gas flow rates will be assessed following completion of each well.<\/p>\n","protected":false},"excerpt":{"rendered":"