SOMALILAND: Toosan-1 Well Spud Date H1 2024

Genel Energy reports that preparation continues for the drilling of the Toosan-1 well on the highly prospective SL10B13 block where it has 51% working interest and is operator.

The Toosan prospect which contains stacked Mesozoic reservoir objectives, with multiple individual prospective resource has estimates each ranging from 100 to 200 MMbbls. Civil work at the wellsite is set to get underway shortly, and the Environmental, Social and Health Impact Assessment is nearing completion

Genel says it continues to target a spud date in H1 2024, acknowledging the challenges of operating in such a frontier area with limited existing infrastructure.