Masirah Oil Limited - PRESS RELEASE
SPUDS SECOND WELL IN OMAN
Masirah Oil Limited has continued its drilling campaign and moved to the second well location GA South #1 (GAS#1) in its Block 50 Oman concession
Selected for drilling with expected target depth at about 2,500 metres
6 January 2014 - Masirah Oil Limited & Partners today announced that it has begun drilling an exploration well in GA – South (GAS#1) located in the Block 50 Oman concession, on 30 December 2013. This is the second well in the two-well drilling programme in the concession.
The prospect GAS#1 has a target depth planned at about 2,500 metres, was selected for drilling after technical evaluation and verification using the proprietary Rex Virtual Drilling technology1, in addition to confirmations provided via conventional methodologies. The
prospect is located in the central area of the Block 50 Oman concession. The well is being drilled using the independent leg cantilever jack-up drilling rig Aban VII.
--- END ---