Vermilion Explorationâs recently released second quarter 2019 report states that new-field wildcat Hajdubagos 1 in the Ebes contract in eastern Hungary encountered 5 m thick net reservoir interval that yielded gas at a rate of 1.4 MMcf/d and 55 bbls/d of 60Â° API condensate during a 12-hour flow test (stabilised flowing wellhead pressure of 590 psi on 0.374â choke). The test was conducted over a gross interval at depth of 1,986-1,996 m within the Upper Miocene Pannonian sandstone succession. Formation water was absent. The well was solely operated by Vermilion.  Hajdubagos 1 was likely during March/April 2019. The well is located in the southernmost part of the contract, approximately 100 km east of the capital city of Budapest, within the Bihar sub-basin, tectonic unit of the Pannonian Basin.  The well had a planned final depth estimated to be 2,000 m, targeting the Lower Pannonian sandstone series.  Hajdubagos 1 was drilled to the final depth of 2,045 m in the turbiditic Algyo Formation. The news on the successful testing of Hajdubagos 1 was disclosed on 29 July 2019.  Background Information  Hungarian government awarded the 832 sq km Ebes contract in the HajdÃº-Bihar political province to Vermilion Energy in mid-February 2015. The award completed the countryâs 2014 tender call.  The tender call for the prospection, exploration and production of hydrocarbons over six blocks in four geographic areas - Debrecen (split into areas Nadudvar (western) and Ebes (eastern)), Ujleta (953 sq km), Okany (split into eastern and western blocks) - all located in the eastern Hungary - and Nagylengyel Nyugat located in western Hungary was started on 12/13/14 June 2014. The closing date of the tender for the 832 sq km was 30 September 2014.
HajdÃºbagos 1 Ebes contract, Bihar sub-basin in E. Hungary, TD 2,045m (AlgyÃ¶ fm), 5m net reservoir between 1,986-1,996m in Pannonian sst tested 1.4 MMcfg/d + 55 b/d of 60 API cond for 12 hrs, WHP 590 psi.