Ascent said that the partners believe that the results are sufficiently encouraging to proceed with the permitting of a hydrocarbon appraisal well, the Anagni-2, located within 1km of the Fontana-1 location, which will target a smaller adjacent structure.
The Fontana well was permitted and drilled as a geological appraisal well to collect cores from the carbonate platform identified while drilling the nearby Anagni-1 well. The target carbonate platform formations have been found over 300m shallower than in the original Anagni-1 well. At the planned Anagni-2 location, it is expected that they will be even shallower still at an estimated 300m below ground level. The Fontana-1 well have confirmed the presence of a second thrust formation within the complex geology of this region.
In the Peneszlek project in eastern Hungary, the project partners have made the decision to plug and abandon the PEN-106 well after a drill stem test showed the target Miocene tuffaceous formations to be water bearing at the well location. The drilling rig will now return to PEN-101 to drill a short sidetrack to bypass the damaged cementation in that production well, the company said.
