The company encountered elevated gas readings as the well was drilled through the Toro formation reservoir, which supports the initial result from the Elevala sandstone that was announced late last month.
Data from logging shows the well has encountered a liquid-rich gas column in the upper part of the sandstone and a gas water contact in the reservoir.
It ticks off two of the primary objectives of the well, specifically to prove up hydrocarbon potential and to define the accumulation.
Data from the Toro formation shows a potential gas column in the reservoir, with the company undertaking logging and sampling.
Horizon will conduct a flow test to get more information on the reservoir and the fluid make-up.
The well spudded on August 25 and is found in a condensate-rich gas area northwest of the Elevala-2 appraisal well.