On 17 February 2018, Hungarian Horizon Energy Group (HHE) completed drilling wildcat BÃ¼rÃ¼s 2 in the LakÃ³csa concession in southwestern Hungary. The well encountered water-wet target horizon and was abandoned. HHE is the sole operator of the LakÃ³csa permit.  BÃ¼rÃ¼s 2 was likely spudded in early February 2018. The 355 sq km LakÃ³csa block is located in the Baranya and Somogy political provinces, along the border with Croatia, within the Somogy-Drava Sub-basin, tectonic unit of the Pannonian Basin.  The well had a planned final depth estimated at 1,800-2,000 m, targeting the Lower Pannonian and Miocene successions (details unavailable).  Background Information    The LakÃ³csa concession was granted to HHE by the Minister of National Development on 15 February 2016 (preliminary award was pronounced in late November 2015). The award followed the countryâs 2015 bid round. The LakÃ³csa contract is valid for twenty years from the effective date, with possible one, 10-year extension.  The latest activity in the tract dates back to December 2017, when HHE drilled and completed with oil wildcat Pettend Nyugat 2.
Burus 2(Aspect Energy 100%) in Lakocsa concession, P&A, encountered water wet sands in the Lower Pannonian and Miocene successions. 