owen, georgina's husband

Well it looks like the results from Owen's recent operations are about to be known.

Billions of barrells of oil are there, thats a fact...but will the rocks let go of the oil?

Base on the recent announcements, we are due some news very very shortly (within 3 weeks) as to whether Owen is flowing back some oil. Given they have been at it now for just a few weeks, we should get reports of staining about now.


Some quick excerpts from PFC recent announcement last week on Owen:

JULY-SEP
Through July to September, the Corporation and Statoil successfully drilled their third horizontal well,
Owen-3H, located on the eastern side of EP 104. Final measured depth was 2,153 metres, of which the
horizontal section was 966 metres targeting the Lower Arthur Creek and Upper Thorntonia formations.
Initial assessment of the cores retrieved from the vertical section of Owen-3H seeped oil and had
extensive fluorescence throughout. This well was wire line logged with equally encouraging results
indicating over 25 metres total vertical depth of hydrocarbon bearing formation. During the drilling of the
horizontal section oil staining and oil spots in the mud at the shaker, strong gas recordings up to C5 and
milky yellow fluorescing cut (oil when exposed to UV light fluoresces) were also observed.


As planned, a successful hydraulic stimulation was performed on the Owen-3H well over ten open-hole
stages in October. The Corporation and Statoil are encouraged by the low fluid injection pressures and
high injection rates evident during this operation as it indicates the presence of natural permeability due to
natural fracturing and/or significant porosity within the Lower Arthur Creek and Thorntonia Formations.


Like the MacIntyre-2H well, nuisance levels of biogenic hydrogen sulphide were encountered in the
initial flow back of the stimulation fluid at Owen-3H and subsequently the well was temporarily
suspended. The operations team was able to accelerate the purchase and assembly of the hydrogen
sulphide resistant equipment and chemical hydrogen sulphide scavenger equipment initially planned for
MacIntyre-2H for use at Owen-3H. The Corporation also purchased a high capacity jet pump from North
America for use at Owen-3H.