Carpentaria-2H Continues Strong Gas Production
Sydney, Aug 22, 2022 AEST (ABN Newswire) - Empire Energy Group Limited (
ASX:EEG) (EEGUF:OTCMKTS) is pleased to provide shareholders with an update regarding the ongoing flow testing of the Carpentaria-2H ("C-2H") well in Empire's 100% owned and operated EP187 tenement, located in the Northern Territory's Beetaloo Sub-basin.
- Average of 2.6 million standard cubic feet (mmscf) per day sustained flow rate achieved over the first 13 days of flow testing with negligible decline
- Flow rate was achieved from 927m effective stimulated horizontal length indicating a normalized rate of 2.8 mmscf / day per 1,000m of horizontal section
- Peak rate of > 11 mmscf / day achieved after a 2 day shut-in to change wellheads and monitor pressure build up following which the well returned to trend production rate as expected
- Currently producing at 2.5 mmscf / day at a stabilised rate, with water flowback rate gradually declining
- Flow testing is continuing and the data collected and analysed will be incorporated into the completion design for the upcoming Carpentaria-3H on the same well pad
- Gas composition data and zonal contribution (i.e. which stimulation stages are generating the greatest contribution to flow rate) expected in coming weeks
- Preparations for Carpentaria-3H drilling and hydraulic stimulation, and Carpentaria-4V drilling, continue according to plan
- Current cash at bank A$38.7 million
Extended production testing ("EPT") of C-2H has continued with gas flowing at an average rate of 2.6 mmscf / day over the first 13 days of the EPT (a normalised rate of 2.8 mmscf / day per 1,000m horizontal section). The well is currently flowing at 2.5 mmscf / day.
Following a period of initial "clean-up", the well was shut-in for 2 days to replace the hydraulic stimulation wellhead with a flow testing wellhead and to monitor pressure build-up. During the shut-in the formation pressure built very quickly to 1,275 psi from 185 psi before shut-in, which indicates excellent reservoir connectivity. Following the shut-in, the well recommenced production at >11 mmscf / day prior to returning to a stabilised rate of 2.5 mmscf / day for the last 7 days.
Modifications to the C-2H flowback pipework undertaken during shut-in will allow the EPT to continue while Carpentaria-3H drilling commences on the same well pad later in Q3 2022.
Flow testing continues at C-2H.
About Beetaloo Energy Australia Limited
Beetaloo Energy Australia Limited (ASX:BTL) (OTCMKTS:EEGUF) holds 28.9 million acres of highly prospective exploration tenements in the McArthur Basin and Beetaloo Sub-basins, Northern Territory. Work undertaken by the Company since 2010 demonstrates that the Eastern depositional Trough of the McArthur Basin, of which the Company holds around 80%, has enormous conventional and unconventional hydrocarbon potential. The Beetaloo Sub-basin, in which Beetaloo Energy holds a substantial position, has world-class hydrocarbon volumes in place and a ramp up in industry activity to appraise substantial discoveries already made by major Australian oil and gas operators is ongoing.
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