“Austin Chalk fields are generally developed using horizontal wells with reservoir stimulation (hydraulic fracturing), however each new field development has critical differences relating to the local characteristics of the reservoir. These differences are important economically and are established through the application of Austin Chalk engineering expertise and systematic evaluation of drilling and stimulation methodologies. For classic Austin Chalk fields this optimisation process has taken several years. The Sugarloaf participants are fast-tracking the ‘learning curve’ for the Sugarloaf Project by drawing upon the best available knowledge and personnel. Recent application of consultants with relevant experience in Austin Chalk field development have begun preparing the plans for commencement of the next phase of development. These plans will require the drilling of further horizontal wells and appropriate stimulation of the Kennedy-1 Horizontal well.”
