Buccaneer Energy（AIM：BUCE）宣布，位于Pine Mills油田Fouke区域的Allar #1井（32.5%权益）（以下简称“该井”）已钻至5,767英尺的总深度，并在5,616英尺深度处于第二子Clarksville单元遭遇页岩油砂层，该层未发现商业油气聚集。

该井钻探安全，且在预期时间内完成，现已封井弃置。封井完成后，钻机将被释放，预计将返回Pine Mills油田钻探Fouke #4井。

Buccaneer Energy首席执行官Paul Welch评论道：
“这口井的钻探结果令人失望；然而，地质目标，尤其是边界断层，与预测相符。砂层在接近断层时变薄，这是Fouke地区以往邻井中未曾观察到的现象，它提供了宝贵的地下数据，这些数据将被纳入油田地质模型和未来的钻井计划中。

边界断层呈西北走向，这使得Fouke 4号井与断层的距离与Fouke 1号井相似；可能位于Clarksville下方的较厚砂层内。尽管Allar 1号井被认为是一口低风险开发井，但即使在已探明的构造中，地下结果也可能有所不同，而此次收集的数据将直接为即将进行的Fouke 4号井的钻探提供信息并降低风险。

公司将继续从Fouke地区和更广泛的Pine Mills油田的现有油井中获得收益，同时我们将继续推进提高产量和优化Pine Mills油田价值的战略。我期待着向大家汇报最新进展。”随着我们推进福克4号井的钻探工作，我们将评估阿拉尔1号井潜在的侧钻方案，作为该计划的下一阶段，并公布这些努力的成果。”

合格人士声明
根据“AIM规则——矿业和石油天然气公司须知”，本公告所载信息已由首席执行官兼董事保罗·韦尔奇审核并签署。韦尔奇先生拥有超过35年的国际石油天然气行业经验，并且是SPE（石油工程师协会）会员。

Buccaneer Energy (AIM: BUCE) announces that the Allar #1 well (32.5% WI) (the "well") in the Fouke area of the Pine Mills Field has been drilled to a total depth of 5,767 feet and encountered a shaly oil sand sequence in the 2nd sub-Clarksville unit at a depth of 5,616 ft which did not contain a commercial hydrocarbon accumulation.

The well was drilled safely, within the anticipated timeline, and will now be plugged and abandoned. Following the completion of this process, the drilling rig will be released and is expected to return to the Pine Mills Field to drill the Fouke #4 well.

Paul Welch, Buccaneer Energy's Chief Executive Officer, commented:
"The results of this well are disappointing; however, the geologic targets and most importantly the bounding fault, came in on prognosis. The sand section thinning as it approached the fault was a phenomenon not observed in previous offset wells in the Fouke area and provides valuable subsurface data that will be incorporated into the geological model for the field and future drilling plans.

The bounding fault follows a northwest trajectory, which permits the Fouke #4 well to be located at a similar distance from the fault as Fouke #1; potentially within a thicker sand section of the sub-Clarksville. Although Allar #1 was considered a low-risk development well, subsurface outcomes can vary even within proven structures, and the data gathered here will directly inform and de-risk the upcoming Fouke #4 location.

The Company continues to generate revenue from existing wells in the Fouke area and wider Pine Mills field as we continue our strategy to increase production and optimise value from the Pine Mills Field. I look forward to updating everyone on the results of these efforts as we progress with the drilling of Fouke #4 and assess options for a potential sidetrack of Allar #1 as the next phase of the programme."

Qualified Person's Statement
In accordance with the "AIM Rules - Note for Mining and Oil and Gas Companies", the information contained within the announcement has been reviewed and signed off by Paul Welch, Chief Executive Officer and Director, who has over 35 years of international oil and gas industry experience and is a Member of the SPE.