Badada-1 Well Drilling Update in Block-2B, onshore Kenya

Taipan Resources through its Kenya-based subsidiary Lion Petroleum in its new update drilling operations for the Badada-1 well Block-2B, onshore Kenya have reached to a total depth of 1,647 metres.

A 13 3/8- inch casing has been successfully run to 1,644 metres MDBRT and cemented in the 17 1/2-inch hole and the well is currently preparing to drill ahead with the 12 1/4 -inch hole section to the next casing point which is expected to be at TD.

The well is planned to be drilled to a total depth of between 3,000 and 4,000 metres in order to test primary targets in Tertiary age reservoirs. The well is expected to take up to 70 days from spud to completion.

comprehensive update is expected once operations on the Badada-1 well have been fully completed and analysed.

The Badada-1 well commenced drilling operations on 7 January using the Greatwall for the GW-190 land rig and have also contracted Aberdeen-based Norwell Engineering to manage the drilling operations.

Taipan estimates gross mean un-risked recoverable resources of 251 mmboe (Source: Sproule International Limited (1), February 2014) for Badada.

Block operator Taipan Resources has 30% working interests while Premier Oil has 55% and Tower Resources 15%.