Más información sobre los resultados de la prueba de flujo Hickory-1
mlp Ag
€5.28
18:34 22/03/17
19 de abril de 2024
88 Energía limitada
FURTHER INFORMATION ON HICKORY-1 FLOW TEST RESULTS
ANNOUNCED 2 AND 15 APRIL 2024
Destacados
· Dual success at Hickory-1 with the flowing of light oil from the USFS and SMD reservoirs.
· Post flow test studies to commence including the securing of additional Contingent Resource estimates.
· Commercialisation options to be considered in parallel, including farm-out to a strategic development partner and/or early and a capital-lite development.
88 Energy Limited (ASX: 88E, AIM: 88E, OTC: EEENF) (88 Energía o de Compañía) is pleased to provide a further update and information in relation to the successful flow test results announced on 2 April and 15 April 2024, from the Company's Hickory-1 discovery well, located in Project Phoenix on the North Slope of Alaska (88 Energy ~75% WI owner).
As announced, light oil was recovered from both the USFS and SMD-B reservoirs, with key details from each test summarised below, and to provide additional clarification on the reported results.
Upper SFS (USFS) Flow Test Results
· A 20ft perforated interval in the Upper SFS reservoir was stimulated via a single fracture stage of 241,611 lbs proppant volume.
· The well was cleaned-up and flowed for 111 hours in total, of which 88 hours was under natural flow back and 23.5 hours utilising nitrogen lift. Of the 88 hours of natural flow back period included ~78 hours of clean up with trace oil recovered during this time, and a period of ~ 10.5 hours of established production.
· During the established production period of 10.5 hours the well produced at an average oil flow rate of ~ 42 bopd during the natural flow back period, producing a total of ~ 19bbls of oil. Approximately 6bbls of oil was also recovered during the clean up / non-established production period.
· The USFS test produced at a peak flow rate of over ~70 bopd, which was an instantaneous rate calculated during flow back period via an oil tank volume measurement of 1.55 bbls over a 30 minute period.
· Se recuperaron múltiples muestras de petróleo con densidades de petróleo medidas de entre 39.9 y 41.4 API (que representan un petróleo crudo ligero).
SMD-B Flow Test Results
· A 20ft perforated interval in the SMD-B reservoir was stimulated via a single fracture stage of 226,967 lbs proppant volume.
· The well was cleaned-up and flowed for 84 hours in total under nitrogen lift, with ~68 hours of clean up prior to the flowing of oil to surface, with the well flowing oil over ~16 hour period.
· The well produced at an average oil cut of 4% following initial oil to surface, with instantaneous rates observed during the 16-hour period varying as the well continued to clean up at managed fluid flow rate of ~170 bbls/d with a calculated total volume during the flow back period following establishment of oil cut of ~4 bbls of oil.
· The SMD-B test produced at a calculated peak flow rate of ~50 bopd, which was an instantaneous rate calculated during the flow back period via a measurement of observed oil cut and fluid flow rates.
· Se recuperaron múltiples muestras de petróleo con densidades de petróleo medidas de entre 38.5 y 39.5 API (que representan un petróleo crudo ligero).
Plan de avance
Following the successful flow testing at the Hickory-1 discovery well, 88 Energy will be focused on:
· Completing post-well testing and analysis at Hickory-1;
· Securing a contingent resource for the SFS and SMD reservoirs;
· Commencing a formal farm-out process to attract a high-quality new partner to fund the next stage of appraisal and development; and
· Advance planning and design of an early stage production system.
The Company looks forward to updating shareholders on the post test analysis.
Este anuncio ha sido autorizado por la Junta.
Relaciones con los medios e inversores:
88 Energía Ltda. Ashley Gilbert, directora general Tel.: +61 (0) 8 9485 0990 Email:GME@dhr-rgv.com | |
socios de cinco marcas, Relaciones con inversores y medios | |
miguel vaughan | Tel.: +61 (0) 422 602 720 |
EurozHartleys Ltd | |
dale bryan | Tel.: +61 (0) 8 9268 2829 |
Cavendish Capital Markets Limitado | Tel.: +44 (0) 207 220 0500 |
Derrick Lee | Tel.: +44 (0) 131 220 6939 |
Perla Kellie | Tel.: +44 (0) 131 220 9775 |
De conformidad con los requisitos del Capítulo 5 de las Reglas de Listado ASX y las Reglas AIM para Empresas, la información técnica y los informes de recursos contenidos en este anuncio fueron preparados por, o bajo la supervisión de, el Dr. Stephen Staley, quien es un Director No Ejecutivo de la empresa. El Dr. Staley tiene más de 40 años de experiencia en la industria del petróleo, es miembro de la Sociedad Geológica de Londres y es un geólogo / geofísico calificado que tiene suficiente experiencia que es relevante para el estilo y la naturaleza de los prospectos petroleros bajo consideración y para las actividades discutidas en este documento. El Dr. Staley ha revisado la información y la documentación de respaldo a la que se hace referencia en este anuncio y considera que las estimaciones de recursos y reservas están representadas de manera justa y consiente su publicación en la forma y el contexto en que aparecen. Sus calificaciones académicas y membresías de la industria aparecen en el sitio web de la Compañía y ambos cumplen con los criterios de "Competencia" bajo la cláusula 3.1 del Código Valmin 2015. La terminología y los estándares adoptados por la Sociedad de Ingenieros de Petróleo "Sistema de Gestión de Recursos de Petróleo" se han aplicado en produciendo este documento.
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.