NEO nuenco nl

must be soon, page-34

  1. 4,496 Posts.
    lightbulb Created with Sketch. 70
    I get home late and check out news, not partying while out unfortunately.

    Found some info about SELH fron Solimar's lattest quartely.

    Seems not all is lost:

    DRILLING AND DEVELOPMENT PROGRAM
    Southeast Lost Hills Project: 50% (San Joaquin Basin)
    During the March quarter, Solimar Energy Limited (“Solimar Energy”) (ASX Code: SGY) announced that the
    testing on the Jack Hamar 1-13 well at the Southeast Lost Hills (SELH) Project was continuing and three
    zones of interest were tested. The test results indicated some gas flows at low rates with some associated
    water production. Further testing indicated no commercial gas zones were evident therefore no further work
    will be performed on this well.

    Although the initial testing results of the Jack Hamar 1-12 well indicated at the time that no commercial gas
    rates had been established, it was decided to move the testing rig back over the well and cement the existing
    perforations, clean out and reperforate the top part of the zone. The new testing has shown encouraging
    results which indicate that the well can produce gas. Further completion is required to determine if the gas will
    be commercially viable. The testing program at the SELH Project moved on to the fourth well in the program, the Jack Hamar 2-13 well, where multiple potential gas bearing intervals were tested from the bottom up. The testing on the JackHamar 2-13 well resulted in gas indications at various zones. More recently, both the Jack Hamar 1-12 and 2-13 wells have been swabbed down but both wells incurred
    problems with sand formation. The wells have been shut-in while Solimar Energy is looking at ways to
    alleviate the problem by screening the perforation zones to prevent the entry of the sand formation.

    So far the testing at the SELH Project has resulted in Jack Hamar 3-13 flowing gas at 633,000 cubic feet per
    day over a 48 hour testing period at a tubing pressure of 1,185 psi on a 6/64 inch choke. The pressure buildup
    data for this well is undergoing further analysis.
    Solimar Energy is working to commercialise the Jack Hamar 3-13 well. Work is continuing on a pipeline
    connection to the Jack Hamar wells. Details are being completed on connection points and the required
    permits. Terms are also being finalised with a buyer of the gas. The aim of testing the SELH operation is to confirm commercially viable production rates from these wells and to better ascertain the reserves potential. Solimar Energy believes there is potential for a substantial gas accumulation in the shallow Pliocene reservoirs throughout the SELH acreage. The commercial development potential of the project is enhanced by strong gas demand in the area, local infrastructure and high gas prices.

 
watchlist Created with Sketch. Add NEO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.