President Petroleum reported that the Kafoury 3 well at the East Lake Verret Field in Louisiana, US, has reached a measured depth of 12,556ft just above the key deeper targets for the well.

This is the first well drilled into this fault block at the field and has encountered greater pressures and complexity than anticipated.

The company said that several actions have been taken to ensure full control over the well with extra casing and increasing mud weights, and drilling is currently halted to install a drilling liner.

Structurally, the well is in a good position relative to the deeper sands, and drilling to target will resume once the liner is installed.

President Petroleum is an oil and gas exploration and production company with onshore producing and exploration assets in Louisiana and onshore exploration licenses in South Australia.