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Energean Oil and Gas plc Completion of drilling operations at Epsilon First Oil

Energean Oil and Gas plc (LON: ENOG, TASE: אנאג), the oil and gas producer focused on the Mediterranean, today announced successful completion of drilling operations of the extended reach well, EA-H3. The well was brought into production on 1 April and is currently producing at a stable dry oil rate of more than 1,000 bopd on a restricted choke.

The well was drilled to a total measured depth of 5,679 meters and has penetrated 689 meters of the Epsilon sandstone reservoir, in line with pre-drill expectations. Energean will continue to monitor and fine-tune production parameters to ensure optimal production from the well.

The EA-H3 well was drilled using the Company-owned drilling rig, the ‘Energean Force’.