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Chariot Ltd (LSE:CHAR) has reported that the Anchois-3 pilot hole, which was drilled to test the potential extension of the field’s resources, did not achieve the anticipated results. The pilot hole has now been sealed, and operations have transitioned to the main appraisal well, as initially planned.
The focus has shifted to the main appraisal well, referred to as the 'main hole,' which is progressing according to its original design. Preliminary analysis from this well suggests that gas-bearing reservoirs are present in the B sands. To better understand these early results, Chariot will conduct more detailed evaluations.
Drilling operations in the main hole are ongoing and are aimed at exploring deeper appraisal and exploration targets. This continued work is expected to provide further insights into the field’s potential.
The pilot hole was originally intended to assess the potential of the Anchois Footwall prospect. However, drilling revealed that this area contained water-bearing reservoirs rather than the expected resources. As a result, the company has decided to concentrate efforts on the main appraisal well to further evaluate the field’s overall potential.
Overall, the shift in focus reflects Chariot’s commitment to pursuing the most promising avenues for resource assessment and development. The continued drilling and analysis in the main hole are crucial steps in understanding the full scope of the field’s capabilities and potential for future exploration.
