Parnaiba Gas Natural (PGN) is assumed to have plugged and abandoned dry the 3-PGN-NWARAGUAINAD-MA (3-PGN-027D-MA) directional outpost in the BT-PN-001 contract, PN-T-102 block during mid-September 2018.Â  Â     The ANP has reported no show reports filed for the well by PGN through mid-October 2018.     The outpost was spudded on 15      August 2018.   The      well had a proposed total depth (PTD) of 1,684 m.Â    The      Devonian Cabecas Formation and the Mississippian Poti Formation were the      primary targets.Â    The      outpost is located 3.9 km north-west of the 3-PGN-ARAGUAINA-003D-MA      (3-PGN-021D-MA) outpost and 6.4 km north north-west of the      1-OGX-ARAGUAINA-MA (1-OGX-119-MA) gas discovery well.  Parnaiba      Gas Natural has 100% working interest in the contract.      On 20 March 2018, the ANP approved a 4th modification to the discovery evaluation plan (PAD) operated by Parnaiba Gas Natural (PGN) associated with the BT-PN-001 contract, PN-T-102 block that includes new commitments and a final expiry extension with pending conditions.Â  The operator will have a decision point on 9 September 2018 to drill a contingent vertical well and by 15 June 2019 to drill a horizontal well.Â  The operator also must conduct geological and geophysical studies to support the drilling locations.Â  Also the operator must conduct a formation test and frac the horizontal well if it decides to drill it.Â  The final PAD expiry has now been extended to 29 November 2019 if all commitments are executed.    On 6 November 2017, the operator suspended with gas shows the 3-PGN-ARAGUAINA-003D-MA (3-PGN-021D-MA) outpost and on 9 January 2016, Parnaiba Gas Natural (PGN) suspended with gas shows the 3-PGN-ARAGUAINA-002A-MA (3-PGN-016A-MA) outpost representing the appraisal activity the operator has carried out in the block.     On 11 October 2017, the ANP approved a 3rd modification to the discovery evaluation plan (PAD) operated by Parnaiba Gas Natural (PGN) associated with the BT-PN-001 contract, PN-T-102 block that includes new commitments and a final expiry extension pending conditions.Â  The operator will have a decision point on 20 December 2017 to drill a horizontal well from a side-track of firm well, assumed to be the 3-PGN-ARAGUAINA-003D-MA (3-PGN-021D-MA) outpost, currently drilling.Â  The horizontal well is dependent on the results of the firm well.Â  The operator has a second decision point on 6 April 2018 to drill another exploration well on a newly mapped structure nearby.Â  If all of the commitments are met the final expiry of the PAD will be on 10 September 2018.     On 26 June 2014 the ANP originally approved the discovery evaluation plan (PAD) filed by Parnaiba Gas Natural (PGN) for the PA_1OGX119MA_PN-T-102 carved out of the BT-PN-001 contract, PN-T-102 block in the Parnaiba Basin. The contract was partially relinquished with an evaluation area carved out of the block for the two discovery wells that covers an area of 963.70 sq km.Â  Two new-field wildcats are associated with the PAD and include the 1-OGX-ARAGUAINA-MA (1-OGX-119-MA) and the 1-OGX-FAZSERRINHA-MA (1-OGX-120-MA) both located in the block. The PAD covers an area of 963.70 sq km. The original expiry date of the PAD was 10 October 2016.
Parnaiba Gas Natural SA - Parnaiba Basin - assumed plugged and abandoned dry 3-PGN-NWARAGUAINAD-MA (3-PGN-027D-MA) - BT-PN-001 contract, PN-T-102 block