#pel85

Volans‑1X: Rhino’s Third Straight PEL 85 Hit—and a Big Gas‑Condensate Play

Rhino’s Volans‑1X well has quietly turned PEL 85 into one of the most interesting private‑operator plays in the Orange Basin. Spudded 31 July 2025 with Deepsea Mira, it hit TD at 4,497.5 m, logged 26 m of net pay in an Upper Cretaceous reservoir, and then flowed ~33 MMscf/d gas plus ~5,300 bbl/d condensate per day on test, high deliverability, rich liquids, and no water.

This deep‑dive shows how Volans builds on Sagittarius‑1X and particularly Capricornus‑1X (11,000+ bbl/d light oil, 38 m net pay) to suggest a connected fairway; unpacks the JV structure (Rhino/Azule/NAMCOR/Korres); and looks at what kind of gas‑condensate + oil hub you could justify if appraisal confirms scale across PEL 85.