Valiant Petroleum plc announces that drilling operations have completed on the Zapffe exploration prospect (Valiant, 10%), located in PL518 in the Norwegian Barents Sea.
The 7121/9-1 well failed to encounter reservoir sands in either of the target Lower Cretaceous or Upper Jurassic horizons. The well will now be drilled to total depth following which the well will be logged before being plugged and abandoned.
Partners are DONG (operator, 40%), North Energy (30%) and Front Exploration (20%).
In accordance with the AIM Rules, the information in this announcement has been reviewed and signed off by Terje Hagevang, Group Exploration Manager, who has over 30 years of relevant experience within the sector.
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
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