No Black Gold at El Dorado Well Offshore Trinidad

Trinity has concluded drilling operations at its El Dorado exploration well within the PGB license offshore the West Coast of Trinidad (Trinity 70% operated interest).

The Trinity operated El Dorado exploration well was spudded on 6th December 2013 utilising the WS-152 jack-up rig. The primary objective of the well was to test an undrilled fault block on the west flank of the Trinity operated Brighton field.

The well was drilled to a total depth of 6,174 feet measured depth (“MD”) and intersected a shallow gas sand in the Pliocene section and marginal thin bedded oil pay in the Miocene section. In aggregate approximately 13 ft of net oil sands and 32 ft of net gas sands were encountered, however these are not deemed commercial and so the well will now be permanently plugged and abandoned.

Monty Pemberton, Chief Executive Officer of Trinity, said:

“Trinity is naturally disappointed that the El Dorado well has not yielded a commercial discovery. Trinity continues to focus on its infill drilling campaign, delivering first oil at our TGAL-1 discovery in the shortest possible time frame and high grading our exploration portfolio for drilling additional exploration wells at the appropriate time. The Trinidadian upstream industry continues to evolve in a positive manner and Trinity is well positioned to capitalise on future opportunities to grow its portfolio.”

Press Release, February 07, 2014

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