Norwest Energy says still early days to pin down Carynginia gas flows Wednesday, February 20, 2013 by Proactive Investors
Norwest Energy says still early days to pin down Carynginia gas flows
Norwest Energy (ASX: NWE) has confirmed that flow back at its Arrowsmith-2 well is at too early a stage to determine where the gas flow from the Carynginia Formation is sourced from.
Further testing will be required before the exact zone(s) can be identified.
Arrowsmith-2 flowed up to 350,000 cubic feet per day from the Carynginia Formation soon after flowback started.
Following testing of the Carynginia Formation, operations will continue with the testing of the Irwin River Coal Measure and High Cliff Sandstone intervals, the latter of which flowed at a maximum rate of 777,000 cubic feet per day following fracture stimulation in July 2012.
The testing of the Carynginia Formation, Irwin River Coal Measures and High Cliff Sandstone is expected to take up to 4 months, depending upon operations.
NWE Price at posting:
4.2¢ Sentiment: LT Buy Disclosure: Held
