The Tembo-1 well that spud on June 19th is yet to be complete 5 months later according to the latest financial statement by Wentworth Resources despite having been projected to take between 60 and 90 days.
According to the statement from the company the frontier exploration well located onshore Mozambique, Tembo-1 reached a depth of approximately 2,965 meters on October 30, 2014 .
“Although it is difficult to predict how long drilling will take, the Company plans to provide a complete update to shareholders on the results once drilling operations are complete,” the company statement reads.
The well is programmed to be drilled to the Jurassic at a total depth of 4,397 meters (4,250 meters True Vertical Depth Sub Sea) with drilling operations expected to continue through the month of November.
Following completion of Tembo-1 well, the drilling rig will be mobilized to the northern section of the Onshore Rovuma Block, Mozambique and will commence drilling of the Kifaru-1 prospect.
In the Kifaru-1 exploration well Wentworth Resources is targeting Tertiary as well as Cretaceous sands and expects a tilted fault block with multiple mapped closures at different stratigraphic levels.
The company also says that it will consider future seismic and drilling operations in the event of a discovery in the Tembo-1 or Kifaru-1 exploration wells.
Anadarko is the block operator with 35.70% participating interest with other joint operating partners being Maurel et Prom with 27.71%, ENH 15% and PTTEP 10%.