The surprise discovery occurred as the company embarked on its initial exploratory phase and, as a precautionary measure, the well was temporarily shut-in until the required safety equipment has been mobilized and installed at the drilling location.
The company, currently in the first and exploratory phase, is continuing with coring operations on another well, located approximately 48km from the discovery well. Coring operations, which should determine the potential of the coal bed methane deposit, are expected to be completed within the next few weeks.
Brian Hughes, chairman of the board of Zulu Energy said: Our business plan outlines a multiphase program. During the initial phase of exploration in Botswana we plan to drill approximately nine exploration wells to confirm the coal deposit, estimate the gas content of the coal and identify production pilot locations. The first phase has begun with four of the nine exploration wells in progress.
