{"id":96777,"title":"Clontarf Energy PLC (AIM:CLON) Update on Sasanof-1 well","publisher":"Share Talk","author":"sharetalk","published":"2022-05-12T10:57:52+00:00","modified":"2022-05-12T10:57:52+00:00","canonical_url":"https://www.share-talk.com/clontarf-energy-plc-aimclon-update-on-sasanof-1-well/","markdown_url":"https://www.share-talk.com/clontarf-energy-plc-aimclon-update-on-sasanof-1-well.md","json_url":"https://www.share-talk.com/clontarf-energy-plc-aimclon-update-on-sasanof-1-well.json","category":"Energy","categories":["Energy"],"tags":["CLON","Clontarf","Clontarf Energy","Field","gas","Ghana","Mentorc","offshore","oil","Petroleum Agreement","prospect","Sasanof","Western Australia"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"**VALARIS MS-1 PREPARING TO MOVE TO DRILL LOCATION**\n\n**Clontarf Energy plc (AIM: CLON),** can update shareholders on drilling of the Sasanof-1 exploration well and will issue further updates upon the completion of campaign milestones:\n\n• Valaris MS-1 rig is anchored in the Dampier outer harbour (North Western Australia) and is scheduled to commence tow to the Sasanof-1 location on 16 May 2022.\n\n• The Operator’s (Western Gas) drilling operations team have been deployed to the field and are now on board the MS-1 rig undertaking pre-mobilisation checks.\n\n• Drilling support vessels started logistical operations as scheduled on 9 May 2022, with the transport and loading of drilling equipment and bulk materials to the MS-1 rig.\n\n• More than 800m of 18-3/4″ marine riser for deploying the Blow Out Preventer (BOP) is being transported to the rig in preparation of deployment at the Sasanof-1 location (water depth of 1,070m).\n\n• Drilling operations are expected to start on 24 May 2022.\n\n**ABOUT SASANOF**\n\nThe Sasanof Prospect covers an area of up to 400 km2 and is on trend and up-dip of Western Gas’ liquids rich, low CO2 Mentorc Field. ERCE estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Tcf gas and 176 Million bbls condensate (P501), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P101). Sasanof is a large, seismic amplitude supported, structural-stratigraphic trap in the high-quality reservoir sands at the top of the Cretaceous top Lower Barrow Group formation on the Barrow Delta within the Exmouth Plateau. Sasanof-1 will be Western Gas’ first well drilled from its extensive exploration portfolio surrounding the existing Equus Gas Project that contains a discovered resource of 2 Tcf and 42 MMbbl (2C Gaffney Cline2). The Equus Gas Project has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells. Western Gas (519P) Pty Ltd is the holding company for Sasanof and comprises the following working interests:\n\n• Clontarf Energy Plc (AIM: CLON) – 10%\n\n• Western Gas (Operator) – 52.5%\n\n• Global Oil and Gas (ASX:GLV) – 25%\n\n• Prominence Energy (ASX:PRM) – 12.5%\n\nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.\n\nEnds\n\nFor further information please visit[http://clontarfenergy.com](http://clontarfenergy.com) or contact:\n\n**Enquiries:**\n\n**Clontarf Energy**\n\n**David Horgan, Chairman**\n\n**John Teeling, Director**\n\n**+353 (0) 1 833 2833**"}