Hunt Energy Rig #3 drilled Wolfman #1 to a total depth of 1,073m, encountering the primary objective, Namur Sandstone, at about 1,197m, and secondary targets in the Birkhead formation and Hutton sandstones.
Drilling of Wolfman #1 fulfills the company’s minimum work requirement for year five of PEL 112 license.
Holloman said it covered 3D seismic data for only 5.7% of the area in PEL 112 and believes significant potential remains for future seismic to identify migration trends and additional prospects during the next exploration term.
The company will now shift its focus to drilling plans in PEL 444.
