Parnaiba Gas Natural (PGN) suspended with results unreported the 4-PGN-ARAGUAINA-SE-MA (4-PGN-022-MA) new-pool wildcat (NPW) in the BT-PN-001 contract, PN-T-102 block on 10 December 2017.Â  The well may be a dry hole as the operator has yet to file a gas show report for it.Â  The NPW was spudded on 14 November 2017.Â  The well had a proposed total depth (PTD) of 2,178 m.Â  The primary targets were the Devonian Cabecas Formation and the Mississippian Poti Formation. The well is located in the southeastern corner of the discovery evaluation plan (PAD), the PA_1OGX119MA_PN-T-102 in the Parnaiba Basin approximately 20.4 km north southeast of the 1-OGX-FAZSERRINHA-MA (1-OGX-120-MA) NFW gas discovery well drilled in 2013.Â Â   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.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 15 June 2016 the ANP approved a 2nd 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 a final expiry extension pending conditions.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 modification approval has firm and contingent commitments.Â  The June 2016 firm commitment for the PAD is for the operator to conduct petrophysical and geo-mechanical analysis of the data obtained from drilling the 3-PGN-ARAGUAINA-002A-MA (3-PGN-016A-MA) outpost, suspended with gas shows in January 2016.Â  The operator will also have to stimulate the outpost well and conduct a formation test. The operator has to conclude the firm commitments by 15 November 2016 and decide to conduct the contingent commitments or the PAD will expire.Â  The contingent commitments include the acquisition of 102 km of 2D seismic and the drilling of one well and a formation test of that well. Â If the contingent commitments are conducted the PAD will have a final expiry date of 10 February 2018 whereby commerciality will have to be declared or the PAD relinquished.  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 is the operator of the BT-PN-001 contract with a 100% working interest after acquiring all of the working interest from former partners Imetame, Orteng and Delp.Â  On 28 December 2015 the ANP granted Parnaiba Gas Natural approval to acquire all of the working interest in the BT-PN-001 contract, PN-T-102 block from its three former partners Imetame who held 16.665% working interest, Orteng who held 16.6665%, and Delp with 16.67%.  Â 
Brazil (Parnaiba B.) 3-PGN-ARAGUAINA-002A-MA op. by PARNAIBA (100.0%) in PN-T-102 block