RE: This is going to hurt20 Feb 2024 18:44
Kas, You can also read this from another companies RNS. Some will know who it is. I have slightly edited a line and added a bit in brackets in case anyone comments:
· As previously announced, the low production rate indicates that the reservoir near the wellbore has been invaded with drilling fluids which are restricting flow rates. This is not uncommon in situations where hole stability issues (formation damage) have occurred during drilling due to the use of high-density drilling fluids to stabilise the hole.
· The Company has now commenced sand jetting operations with a coiled tubing unit to stimulate the well. Sand jetting will focus on the oil-bearing reservoirs.
· Sand jetting technology uses a high-pressurised sand slurry with the objective of creating deep perforations beyond the zone invaded with drilling fluids. The expectation is that these deeper perforations will increase communication between the oil-bearing reservoir and the wellbore, and therefore increase production rates.
· The sand jetting operation is expected to take 10 - 14 days, including the time required to re-install the rod pump and recommence production.