RE: From RNS8 Jul 2018 14:39
Taken from previous RNS
For each of the workovers, the rig workover programme consists of abandoning the previously producing, but now suspended, oil zones and then completing the discovered but uncompleted gas zones within the Springhill Formation. Each rig operation is expected to take up to 10 days, following which each well will be put on an extended well test to obtain further data on the existing gas volumes prior to any sanction of a commercial development, which would include the construction of a 28km pipeline. Testing of each well is expected to take a maximum of 30 days, including flowing and shut in periods to determine reservoir pressures, connected volumes and flow rates. The total cost of the rig operations and testing is approximately US$0.55M per well.