Rialto Energy Limited, provides the following weekly update on drilling operations at the Gazelle-P3 ST Well. The Gazelle-P3 ST well was spudded on 12 March 2012 using the Transocean GSF Monitor jack-up drilling rig. The well is the first of an overall three well drilling programme on CI-202 that is anticipated to take six months to complete, together with testing.
Since the last report, the stuck pipe was freed to a depth of 870 metres MD, a cement plug was set and a sidetrack started. As of 12:00 GMT 23rd April, the well is drilling ahead at 1302 metres MD. The next casing point is at 1538 metres MD.