Valiant begins operations at Don South West

Valiant Petroleum Limited, the North Sea focused exploration and production company, has commenced operations on the Don South West appraisal well on Block 211/18 in which Valiant has a 40% interest.

Utilising the Stena Spey semi-submersible drilling rig and the drilling services of Senergy Ltd., the well will be drilled to a total depth 100ft below Top Cormorant formation at a target depth of approximately 11,850 feet (11,703 feet true vertical depth). The well is expected to take approximately 45 days to drill and test.

If hydrocarbons are encountered in commercial quantities in the well, it will be suspended for future completion and production. The subsurface target of the well is approximately 1.5 kilometres to the northwest of the 211/18a-22 well that tested a full Brent oil column and was drilled to total depth in the Dunlin formation.

Valiant also wishes to announce that Kevin Lyon has been appointed to the Board as a Non-executive Director. Kevin, a Chartered Accountant, has many years experience in merchant banking and private equity including 3i plc where he held several positions including Managing Director, UK Private Equity. He currently holds Non-Executive Chairman roles in a range of companies including MK One and Wyndeham Press as well as Non-Executive Director of Booker plc.