hi phoshizzlethe drilling rig has completed it's job of drilling...

hi phoshizzle

the drilling rig has completed it's job of drilling the well & running a number of test, thus concluding the prospect as commercial well.

hence is being released for other drilling commitments.

JVP's will now consider best way forward too bring this well into production and no doubt a.s.a.p

given the local infrastructure this shouldn't be much of a problem..

fingers crossed the well flows around 14MSCFGPD & 280BOPD

regards


Gawler Resources Ltd (ASX: GRL) (Gawler or Company) advises that the High Island-1 Well,
offshore Texas Gulf coast USA, has run production casing and has been temporarily
abandoned pending completion for commercial production. The drilling rig was preparing to
move off location on the 29 January 2007, Texas time.
Since our last report on the 17 January 2007, the following well operations were completed;
wire-line logging, side wall coring in the zones of interest, and wire-line reservoir testing using
an MDT (Modular Dynamic Testing) unit. Samples of reservoir fluids collected by the MDT were
analysed for composition and physical properties.
The well has confirmed the presence of good quality producible gas and condensate from high
quality reservoir sands in both the shallower zone, top at 6,823 feet Measured Depth (MD) and
the deeper zone, top at 9,704 feet MD. Reservoir thicknesses are broadly in line with pre–drill
expectations but the lower zone is gas saturated rather than the expected oil. This may be a
result of the well intersecting the deeper zone higher than prognosis.
Both zones correlate with hydrocarbon bearing sands in the six earlier drilled penetrations of
these sand units and are consistent with the pre-drill mapping of the 3D seismic data.
With the successful drilling of the first well a detailed development plan and feasibility study will
be prepared by the project operator and considered by the joint venture for implementation. This
work is expected to start immediately.