The Parkmead Group plc announced the completion of drilling activities at the LDS-01 well in the Netherlands which has encountered gas columns in the primary target horizons. The well has been completed and is now ready for tie-in to production, which will follow the conclusion of the LDS-02 well. The LDS-01 well was the first of the two-well campaign on the Drenthe VI concession targeting several onshore gas prospects.

This first well was drilled to a depth of 2225m TVDSS, successfully encountering gas at multiple intervals. The Drilltec Synergy 2 rig has subsequently spudded the LDS-02 well.