Malcy's Blog: Today20 Apr 2021 10:50
An operations update and details of the forward well testing programme in respect of the West Newton B-12 conventional appraisal well is announced by the two quoted partners today. UJO have 16.665% and RBD 56% of the project.
So far, the Cased Hole Logging Programme and Vertical Seismic Profiling operations on the WNB-1Z well have been completed and the CHLP results confirmed the presence of a good cement bond of the production liner and well bore integrity.
The Data from the VSP is currently in Romania being processed. Initial indications are that the data is of good quality, the VSP data will be used to refine the 3D seismic interpretation, primarily to be used in volumetric calculations towards reserve/resource figures for the West Newton field and for the identification of future well locations.
The next phase of operations will be conducted utilising a service rig and will be comprised of perforation and stimulation of the Kirkham Abbey formation and subsequent flow testing of the well , this phase of well testing operations is expected to commence in May 2021. Operations will take approximately four weeks to complete and following completion of operations on WNB-1Z, the testing of the WNA-2 well will commence.
Perhaps more interestingly, various thin section images taken from core plugs obtained from the West Newton B-1Z well show porosity throughout the core with the better samples exhibiting porosities of between 12% and 15%.
Executive Chairman of Union Jack Oil commented:
“We are delighted to report that mobilisation in respect of well testing, initially on the West Newton B-1Z well, is expected to commence in May 2021.
“Initial results from the recently completed Cased Hole Logging Programme and Vertical Seismic Profiling, coupled with historical well log results and measurements taken whilst drilling, have all been highly encouraging to date and the Joint Venture participants hold high expectations for a successful flow test.
“We await with great interest the testing results over the coming months from both WNB-1Z and WNA-2 and look forward to updating shareholders as further progress is made.”
Stephen Williams, Co-CEO of Reabold, commented:
“With well testing operations ongoing, the first flow test expected in May, and the subsequent testing of the WNA-2 well to commence thereafter, we look forward to a busy period of activity at West Newton. Results so far have been progressing in line with our expectations, despite the impact COVID-19 has had on supply chains.
“We look forward to the next phase of operations beginning shortly and to updating shareholders as further progress is made.”
Overall it is good to see so much progress being made at West Newton, a project I believe to be significantly bigger than many in the market place are still yet to recognise. The testing in May will be the next material landmark and although neither shares have taken on board the potential upside I’m sure it will