Steve C. Nicandros, Chairman and Chief Executive Officer commented:
“Our November program represents another important step in the continuation of our evolving well stimulation work. Our work at the Udabno#2 well is particularly important, as we plan to undertake a testing program that is designed to evaluate an extensive gas-bearing interval of approximately 2,000 meters in gross thickness. I look forward to communicating results in the weeks ahead.”
Can you believe this RNS is over a year old now. We had such high hopes then!
"As reported on 23 December 2015, operations continue associated within the western area of the Complex where work is ongoing to continue to explore, test and add new gas production from reservoirs situated between 300 metres and 5,000 metres in depth. Due to heavy snow during the past three weeks and the need to unexpectedly repair the existing wellhead as a result of high bottom hole pressures and resulting high shut-in surface pressures, operations at the Udabno#2 well remain at a depth of approximately 3,300 meters. In parallel, the Company has completed a gas testing program design with the assistance of Weatherford International (NYSE: WFT). The testing program is designed to evaluate an extensive gas-bearing interval of approximately 2,000 meters in gross thickness. Frontera’s internal reservoir engineering models estimate production capability in the range of 10 million – 20 million cubic feet per day of gas once Udabno#2 is completed during the first quarter of 2016."
Seems Chevron got a lot of hassle over in Romania.. Obviously Frontera will be more low key in Moldova.. Still a question of money though.. I did read once that there are approx 25 ex Soviet wells in Moldova. Don't know where though.. Will be cheaper to re enter those wells.. But will still need money we apparently don't yet have.. Unless we're gonna sell block 12 to the Georgians.. Paid for with money from Bidzinas Cartu bank..
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