Reassuring to hear from you Chinguetti......Thought you might have had something to say through todays commotion.
Anyone not on Fusion Oils email list and into HDR should consider it. Always find their releases paint a better picture than joint venture partners.
King Louie, notice this release mentions "in the case of developement.." possibly ruling out the hint of certain developement as you postulated.
They also give a nice statement on their view of the results at the end. Ver reassuring......
Fusion Oil & Gas plc
("Fusion" or "the Company")
Routine Drilling Progress Report
Woodside Mauritania Pty Ltd., Operator of the Mauritania PSC B Joint Venture, reports that “on 3 September a production test of the Chinguetti-4-2 step-out exploration well had been completed over the first of two zones within the primary reservoir interval.
The production test flowed at a maximum rate of 1,560 barrels of oil and 650 Mscf of gas per day through a 30/64 inch choke, constrained by sand production.
Sand inflow from reservoirs can be controlled. In the case of development, appropriately designed and completed production wells should be capable of achieving significantly higher flow rates.
Current operations are recovering the test string and making preparations to production test the second test zone.”
Fusion has a 6% interest in PSC B.
Alan Stein, Managing Director of Fusion, commented:
“Fusion is encouraged by these results. Sand production from unconsolidated reservoirs with similar porosity and permeability characteristics is a relatively common occurrence worldwide and should not hamper efficient production from the Chinguetti accumulation. We look forward to receiving additional information from the second test of this well and from the rest of the drilling campaign. ”
For further details please refer to the company’s web page www.fusionoil.com.au or contact:
Date 3rd September 2002
Fusion Oil & Gas plc Alan Stein, Managing Director Australia Tel: +61 89 226 3011 Fax: +61 89 226 3022 e-mail: [email protected]
College Hill Associates Peter Rigby James Henderson Tel: 020 7457 2020 Fax: 020 7248 3295 e-mail: [email protected]
HDR
hardman resources limited
