GGE 0.00% 0.5¢ grand gulf energy limited

Reading the announcement on the 7th November this in summary is...

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    Reading the announcement on the 7th November this in summary is what they propose -

    Jesse#2 is designed to minimize the risk of drilling into the water bearing zone, with the planned
    total well depth terminating at least 50 feet above the identified gas/water contact Jesse#1A.
    The well location also uses calibration of 2D seismic data with Jesse#1A and historic well results
    to target a structural high location on the Jesse feature to maximise the thickness of the gas pay
    zone.

    Jesse#2 Well Engineering and Development
    The engineering for the Jesse#2 well incorporates further learnings on the heterogeneous Paradox
    Basin carbonate rocks from the drilling of the Jesse#1A well.
    The Jesse#2 well design includes a managed pressure drilling program through the primary
    Leadville formation, which will reduce formation damage.
    Furthermore, the ability to drill underbalance will allow real-time monitoring of reservoir inflow, in
    excess of normal mud-gas returns, with real-time monitoring of gas compositions using mass
    spectrometry.

    On identification of significant helium inflow a bottoms-up flow test will be conducted to
    characterise the reservoir and in the event of commercial flow rates the well will be completed for
    production high in the formation.

    The results of Jesse#1A stimulation treatment have been used to calibrate stimulation treatment
    at Jesse#2 and will be implemented post initial reservoir flow characterisation.


 
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