BB's Stock Haven

[mik1234]

CGRAThe drilling of the Perseverance #1 exploration well in The Bahamas commenced on 20 December 2020 and continued through to 7 February 2021. Pre-drill, the well design allowed for a target depth of 4,800 meters across multiple potential reservoir horizons continuously through the Albian and Aptian aged stratigraphies, targeting P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels.

As of 6 February 2021, the well had reached a total depth of just over 3,900 meters. In reaching this depth, the well passed through multiple targeted reservoir sections in both the Albian and Upper and Mid Aptian horizons, which cumulatively accounted for approximately 70% of the total pre-drill prospective volume estimates.

https://www.bnamericas.com/en/news/bahamas-petroleum-completes-perseverance-1-well