Hey guys hope you guys are nowhere near the floods. L&M Energy Limited (LME) is pleased to announce that the first Ohai pilot well, OM#5 has reached surface casing depth of 126m with 9-5/8? diameter steel casing now installed and cemented in place.
Drilling will resume in January 2011 when OM#5 will be drilled out through the surface casing to a total depth of approximately 750 metres.
OM#5 is the first stage of a pilot project that will utilise a lateral completion method, a technique which has been highly successful in a number of commercial CSG projects internationally. The lateral section of the well is targeting the extensive and gassy Morley 2 seam, which can measure up to 23m in net thickness.
The pilot project follows on from the recent 3P reserves upgrade to 274 PJ and forms a key part of the Company?s 2P gas reserves campaign which is aimed at independently certifying New Zealand?s first tranche of 2P CSG reserves.
So now we wait and hope and the news will be out soon.
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