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Taipan tastes gas but abandons Badada-1 as uncommercial onshore Kenya

The Badada-1 exploration well (Premier 55 per cent) drilled on Block 2B, onshore Kenya, has reached a total depth of 3,500 metres and is being plugged and abandoned as a dry hole

Lion Petroleum, Taipan's wholly-owned Kenya-based subsidiary, and operator of Block-2B (Taipan 30 per cent, Premier Oil 55 per cent and Tower 15 per cent working interests) has announced that the Badada-1 well has been drilled to a total depth of 3,500 metres MDBRT (Measured Depth Below the Rotary Table) and following completion of logging operations will be plugged and abandoned as a dry hole.

The well has taken a total of 46 days to date, and is expected to have been completed within the prescribed budget of USD 25.8m.

"Clearly the results of the Badada well were not what management and the shareholders of Taipan had hoped for,” said Maxwell Birley, CEO of Taipan. “However, Block 2B is extremely large at 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 (1.35 million acres / 5,464 square kilometres) and a 20 per cent working interest in Block 1 (5.497 million acres / 22,246 km2) which is operated by East Africa Exploration (Kenya) Ltd, a subsidiary of Afren plc.

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