According to a press release, Azule Energy holds a 42.5% stake in the block, along with Rhino Resources (Operator, 42.5%), NAMCOR (10%), and Korres Investments (5%).
The Capricornus 1-X well was drilled on February 17 using the Noble Venturer rig and reached total depth on April 2, successfully penetrating the Lower Cretaceous target.
The statement clarifies that the well encountered 38 meters of net pay, with the reservoir showing good petrophysical properties and no observed water contact. Hydrocarbon samples and sidewall cores were collected through intensive wireline logging operations.
