In its last quarterly report dated 31 July 2014, Horizon Oil advised that the Stanley-5 well, which spudded on 16 June 2014 using Parker Rig 226, had been drilled to target total depth. Pleasingly the observed quality and size of the objective Toro and Kimu reservoirs were better than had been predicted, with a combined gross sand column of about 120 m and net pay of about 96 m.
Horizon Oil, which is managing the drilling of the Stanley-5 and -3 development wells on behalf of the PDL 10 joint venture, carried out a production test over the Toro and Kimu zones. After a clean-up period of 24 hours, the Stanley-5 well flowed at approximately 68 million cubic feet of gas per day (mmcfd), with associated condensate, on a 122/64" choke at a wellhead pressure of 3,233 psi. Log and test data from the well, together with wellhead condensate samples obtained, are consistent with pre-drill estimates and the Stanley -2 results.
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