WGO 0.00% 35.5¢ warrego energy limited

Trying to find some old data re Spain and open some discussion...

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    Trying to find some old data re Spain and open some discussion and info sharing so here's a new thread.

    A review of the Almarchal-1 well indicated a net gas column >500 metres with good porosity of permeability. Despite the good reservoir quality, PRL contend that the DST recoveries were poor most likely due to the reservoirs probably damaged by fresh water drilling fluids reacting with swelling shales in combination with heavy mud.

    In addition to Almarchal-1, Valdebro drilled three well locations within the Ruedalabola concession – Puerto de Ojen-1 (1957), Tarifa-1 (1966) and Tarifa-2 (1996). Puerto de Ojen-1, like Almarchal-1, encountered good gas shows in >1,000 section but could not be tested due to mechanical problems.

    PRL believe that a re-drill of the Almarchal-1 discovery well using modern drilling and completion techniques is likely to yield more definitive results. Specifically, PRL are planning to drill and test a twin well of Almarchal-1 with inhibited mud system to protect reservoirs and to ensure best quality gas rates.

    These are hard to read but hopefully the company will put out some new presentations since they've talking about getting approvals soon.

    Feel free to add anything useful.



 
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