A spokesman for the company said drilling was expected to start next week in an operation set to take around 75 days including flow-testing.
The Surrey-based, AIM-listed explorer is hoping to confirm with the well that commercially-viable oil flow rates can be achieved from a naturally-fractured basement reservoir.
The P1368 licence well is set to be tested both under natural reservoir pressure and with the assistance of an electrical submersible pump in order to assist in future development planning.
The
