A Canadian exploration oil firm, Taipan Resources has announced that it has struck a dry well in Mandera following the completion of logging operations and emerging dispute from locals seeking to block drilling.The listed London explorer considers further work in the area after drilling a total depth of 3,500 metres over 46 days in Block 2B.
According to Maxwell Shirley, CEO of Taipan said that Block 2B is extremely large covering 5,458 square kilometres, and other drill prospects exist within the Block. We will further evaluate results from the Badada well, and discuss next steps with our partners prior to making a decision with respect to future exploration activities in the block.
The well encountered a thick and previously untested Neogene age succession in the Anza Basin, of similar age to that encountered in the Lokichar and Albertine Basins, confirming the pre-drill geological model for this basin.
Excellent quality reservoirs of Neogene and possibly older Tertiary age have been drilled. Although the well has failed to find commercial hydrocarbons, minor gas shows and traces of heavier gas molecules indicate the presence of a thermogenic source rock in this previously untested basin.
Taipan operates and holds a 30 per cent working interest in Block 2B and a 20 per cent working interest in Block 1 which is operated by East Africa Exploration (Kenya) Ltd, a subsidiary of Afren plc.