Well JSR-01 DEEP is the Company's first Project II appraisal well located in the southwest of the Patardzeuli field.  The well was drilled 470m deeper than the donor JSR-01 well, close to the original oil-water contact.  Drilled at an inclined angle, it allowed the testing of different zones to help evaluate the remaining oil potential, which will inform future drilling and redevelopment plans. The field was acquired by the Company in 2020, and had produced 98 million barrels of oil between 1975 and 1985.
Results of JSR-01 DEEP testing programme have demonstrated the Company's concept of unswept oil in the Patardzeuli field. The well is currently on production at 45 bopd. The encouraging results mean the Company will continue to pursue Project II, the Patardzeuli full-field redevelopment.