Sterling reported that the Sangaw North #1 exploration well in the Kurdistan region of northern Iraq is currently drilling ahead at 1,505 meters.
In the last week, two intermediate casing strings have been run; 13 5/8" casing was run and cemented with the casing shoe at 1,053 meters TVD (true vertical depth) and 9 7/8" casing was run and cemented with the casing shoe at 1,448 meters TVD.
The well bore is currently being drilled through the Shiranish horizon, the uppermost of the prospective Cretaceous aged formations in the Sangaw North prospect. While drilling this section gas shows and drill cuttings with fluorescence have been observed, both are indications of hydrocarbons being present in the well bore.
The well plan is to drill through the Shiranish and then continue drilling to evaluate the prospectivity of the Kometan and Qamchuqa horizons in the Cretaceous and the deeper potential reservoirs in the Jurassic.