Aspect Energy's subsidiary Hungarian Horizon Energy (HHE) drilled NFW Burus 2 on the Lakocsa concession during February 2018. It encountered water wet sands and has been completed to support water injection. The well was assumed to be targeting early Pannonian and Miocene intervals with a PTVD of around 2,000m and was drilled from a location 23km ESE of Gorgeteg-Babocsakelet gas field. Lakocsa spans 350 sq km in Baranya County and within the Pannonian Basin. It lies adjacent to the Croatian border and was awarded in February 2016 following the Hungarian 3rd Licensing Round. Aspect completed acquisition of a 255 sq km 3D seismic survey during January 2017 and drilled three earlier exploration wells on the block, 3-5 km N/NW of Burus 2 during Q4 2017 (Pettend Kellet 1, 2 & 3). Aspect Energy operates Lakocsa with 100% equity, held via Hungarian Horizon Energy Ltd.<P />
Aspect Energy's subsidiary Hungarian Horizon Energy (HHE) drilled NFW Burus 2 on the Lakocsa concession during February 2018. It encountered water wet sands and has been completed to support water injection. 