First horizontal well, number 214, encountered 19 metres of oil-bearing sands. Three large fractures were placed in the well's 600-metre horizontal. The 10-day flow test yielded 1,350 barrels of oil per day (bopd). Second horizontal well, number 251, encountered 8 metres of net oil sand, which was at the low end of expectations. In this well, the Group employed, for the first time in Russia, a completion system designed for a larger number of customised fractures to be placed along the horizontal wellbore than the completion technology previously available in the country and used for completion of well 214. Eight fractures placed along the 890-metre horizontal s, precisely targeting the reservoir intervals of interest. A 10-day flow test for this well averaged 900 bopd at approximately 25% watercut. The Group's third horizontal well, number 212, was designed to have a 1,000-metre horizontal section with 12 fractures. It encountered extensive sands (642m net oil sand within a horizontal section of 1149m) in well 212. Well 216 encountered extensive sands also (516m net oil sand within a horizontal section of 961m). These two wells will come on stream in April/May 2015, respectively. WILL BE INTERESTING TO SEE THE FLOW RATES FROM THESE TWO WELLS. LARGER SANDS AND MORE FRACTURES MIGHT PRODUCE MEGA-FLOW RATES. BUT APART FROM THIS, IT LOOKS A QUIET YEAR AHEAD.
I suppose the good news is that the debt is being reduced, and we still have an active company with resources and some value.....Frankly i'm relieved at that.
Always 'tomorrow'. This at least seems honest, compared to usual, with a clear plan and news on wells, gas partner and new estimate of reserves done by year end, light at the end of the shambles maybe
well not an outstanding rns but two new wells coming on stream april may 2015 is good
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