El Kuran Will Spud, Will It Not?

The El Kuran well is being operated by New African Global Energy and is expected to spud in July. It is a Jurassic fractured carbonate play on a large anticlinal feature that had previously been drilled by Tenneco in the early 1970’s and had tested light oil at low rates. “The primary goal of this well is to prove commercial flow rates”, Africa Oil Corp., a partner on the prospect, says. “Based on the results of the initial well, fracture stimulation and horizontal drilling may be considered”.