Member Info for bigspike

The Mako gas field is located in water depths of 60-100 metres within the Duyung PSC, close to the Indonesian government owned, West Natuna Transport System. The shallow gas field is estimated to contain between 400 billion cubic feet to 1.3 trillion cubic feet of gas-in-place, with estimated resources of ~395 Bcf of commercial gas. Three previous wells drilled at Mako between the 1970s and 1990s intersected the gas zones but were not flow tested. Empyrean Energy participated in drilling on the Mako South gas field during July �17. Flow testing saw a pure methane gas flow of 10.9 million cubic feet of gas per day with no associated formation sand on a drill stem test through a 128/64 inch choke that was limited by test equipment,. Logging indicates 7 metres of net pay in the shallow Muda Formation, with very high permeability, indicating that strong gas flows will be possible on production. This confirmation of flow potential will move the project towards commercial development. Partners in the Duyung PSC plan to follow-up this success by acquiring further seismic survey data over the field to better characterise the Muda Formation. Empyrean will then decide whether to participate in development options or monetise its interest in the project. The PSC holds additional exploration appeal for both gas and oil. Indonesia is a premium gas market, with current pricing at around US$8/Gj. The country has embarked on a 35,000 MW power acceleration programme, which is expected to be 35% fuelled by gas. The nation is already constructing LNG import terminals to top up supply from dwindling domestic sources and is expected to be a net gas importer from 2022.

Empyrean has a 10% interest in West Natuna Exploration Limited that holds 100% of the Duyung PSC in offshore Indonesia. The Duyung PSC covers an offshore permit of approximately 1,100km2 in the prolific West Natuna Basin. The main asset in the block is the Mako shallow gas discovery. In addition, numerous prospects and leads have been identified in the block using 3D seismic data. Empyrean participated in the appraisal well Mako South-1 in June 2017. The well was drilled using a jackup rig located in water depths of 308 ft. The well reached a TD of 1,707 ft on 22 June 2017. The Mako South-1 well exceeded the Company’s expectations encountering excellent reservoir quality rock with high permeability sands in the multi Darcy range with 23 feet of gas bearing reservoir. This zone flowed gas at a stabilized rate of 10.9 million cubic feet per day through a 2 inch choke. The gas is of high-quality close to 100% methane, no CO2, H2S, or other contaminants Initial interpretation of the test results demonstrated that the sandstone reservoir is expected to be laterally contiguous, and has exceptional permeabilities in the multi Darcy range. Two conventional cores were recovered successfully and further analysis is currently underway to assist with the overall assessment of results.

Is it it likely to be a long horizontal?

Mrmarkyb, why will Bolivia drill take so long. I have heard this before but unsure of the reason...

No but used to work for share talk, seems to be slot you don’t know....

Thanks you for your enquiry; we are all fascinated by the deeper potential and the large apparently water-free, natural gas saturated column of gas at Dempsey and elsewhere. As we have said in all our releases we retain options for multiple testing alternatives, including Stimulation. We are conducting and reviewing many studies on realizing the potential of the Sacramento reservoirs. When we have concluded our current conventional reservoir testing program we will weigh up the options and decide on those that deliver the best value and then provide appropriate advise to shareholders on our forward plans. BTW: Where are you located? Thanks for your support. Gary

Production testing!

Kelly, when zone 4 is tested expect to see about 3200 psi shut in pressure. This zone has been lightly explored.

Yes Kelly I have a link, I thought you knew it all, why can’t you find it? In fact let me educate you further Kelly, the same company that flowed a combined flow rate of 3mmscf/d then planned to drill more wells in the g1 with the intention of stimulating it because they liked what they found. Due to the slump in the oil and gas industry this company found itself in trouble by trying to punch above its weight! Sacgasco have the g1 in their acreage and no the story. Dempsey has the kione, g1 and zones 2 & 3. Frack that lot and things could well get a little more taster.... Kelly dyor!

Held strong since 55p almost bagged! Only a small holding though, but it keeps growing.... come on opuama 9

The g1 sands have been fracked in the past and tested with a combined flow of 3mmscf/d. Stimulate zones 2 & 3 And things could be looking up on Dempsey. GJ get the permit in!

I’m expecting zone 4 to be the G1 sand plus an additional found during drilling. Yes this will be tight too and yes they’ll be high pressure here too. This zone has shown encouraging signs elsewhere on the basin when fracture stimulated. IMO dempsey must have a multistage hydraulic fracture to really offer value, the combination of all zones with the deeper zones hydraulically fractures there’s is real chance Dempsey could be a play opener.... ffs GJ, get that permit in!

Great day today and I'm expecting a great year too. Broker target is 115p so I'm expecting this when opuama 10 is in production. I think the work programme over the next 12 months offers fantastic upside... gla. Herminator, you have to do what's best for you! I wish I was in ela for the same amount of time you have been, neverless I'm doing ok.

Scroll further back mooncheese, GJ replied to coop s email. I may be wrong but I think it may be related to the production tie in and not tested to flare.

2 sands at zone 4. I believe this is g sands and possibly an additional sand identified during drilling. I wish GJ would give us some more detail on the potential fracture stimulation of the deeper zones, this is the game changer and potential play opener. It sounds like they want to commingle zones and collect more data first though before they commit to stimulating the deeper zones. Kione had 1300 psi shut in pressure, the deeper targets have 6000 psi shut in pressure and potentially a much larger tank! Aimo. Gl.

No. If you check out the strachen report you’ll see the size of the reservoirs at Dempsey. It’s difficult to know what resource has been proved up yet and some remain unproven / partly proven, the flows are totally different from this. Regardless things are promising....

There was a difference in tubing flow pressure with zone 2 once put into the sales pipeline too. Went from 150 psi to 670 ish off the top of my head.

Could it be related to it being tied into the production pipeline and not directly through the flow testing via flare?

https://smallcaps.com.au/sacgasco-achieves-commercial-gas-flows-at-dempsey-project/

This zone can be accessed from other joint venture wells in the Dempsey area according to Pcl! Hello, field development plan.....This is only 1 of 4 field level zones. Zones 4 testing is ongoing. Gla....