SGC 11.1% 0.8¢ sacgasco limited

Appraisal and exploration at DempseySacgasco is being appraised...

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    Appraisal and exploration at Dempsey

    Sacgasco is being appraised with the drilling of the Dempsey 1-15 well, which was spudded in August 2017.

    The well was drilled by the Paul Graham rig No 9 and completed to a depth of 2,970m in September 2017.

    Wireline log data recovered from the well has indicated the presence of significant gas zones.

    A 5.5in casing has been installed to carry out production testing of the well. Casing perforations were installed to conduct the tests.

    Sacgasco performed flow testing at commercial rates for multiple zones. A workover rig was then moved onto the location in order to carry out the tests.

    Flow testing began in March 2018 from the lowest gas zone and move upwards. Testing continued to be carried out over for several months in order to understand the extent of gas available for future production.

    Commercial production of gas from the Dempsey 1-15 wells began in July 2018.

    Dempsey project development


 
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Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
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