Flowback and cleanup of Stage 5 – Kockatea Shale interval has now resumed.
The Arrowsmith-2 well was temporarily shut-in when it was discovered that oil was being produced to surface in the early stages of flow back and testing of the Kockatea Shale interval. The well remained shut-in whilst the necessary equipment was sourced and assembled on site to manage the production of oil to surface. Operations have been resumed and the well is flowing back oil, gas and injected water to surface. The objective is to clean up the well to enable the Kockatea gas and oil flow rates to be established and will be followed by an extended production testing phase. Norwest will then make a contingent resource estimate. This zone is already a highly prospective shale gas target, and now a potential oil discovery.
from the last anna
Norwest has now commenced planning and preparation to re-enter the well and intends recommencing flow back of the Kockatea Shale interval later this month. This zone will then be flowed back until the majority of the remaining injected water is produced back to surface. This is expected to take several weeks, and should allow indicative rates of gas and oil to be measured and subsequently reported. This is already a highly prospective shale gas target, as well as a potential oil discovery from the Kockatea Shale.
So ...which is it????...management need to sort this crappy reporting
NWE Price at posting:
7.6¢ Sentiment: LT Buy Disclosure: Held