RE: Trading24 Nov 2020 07:15
Logs indicate circa 20' of clean Woodbine Sand, structurally elevated from the offset well. The Woodbine Sand is oil-bearing throughout in the offset well. Casing has been run and cemented, securing the well ready for perforating and running the completion. Perforation intervals are now being selected.
The fact that the 20' thick Top Woodbine Sands target came in higher on the structure than anticipated - and 37' higher than in the offset well - is clearly a positive as any hydrocarbons in the Woodbine that sit at depths between Top Woodbine in the Cypress well and Top Woodbine in the offset well should only be accessible from the Cypress well. As such, the impact of this well on oil in place and PUD's (additional proven locations) is currently under evaluation. We shall update the market further once this analysis has been concluded by integration of the new well and 3D seismic volume.