The Basker 6 ST1 well last night conducted its third and final production test over zone 2 and 7 with "outstanding results". The well flowed at a stable rate of 4800 bpd at a gas-oil ratio (GOR) of 1060 scf/bbl, and zero water. This concludes testing over three zones at an aggregate oil rate of in excess of nearly 13,000 bpd and average gas rates far more favorable than expected. The well's production rates are far higher than the Joint Venture expected and have supported the existence of the significant south eastern extension to the Basker field with field-wide reservoir sands Moreover the lower GORs will enable the total oil rate to be substantially higher from the gas-constrained Crystal Ocean FPSO facility, once the well is connected via its 5500m flow-line in July. The Ocean Patriot drilling rig is now conducting well suspension activities. The participants in the Basker-Manta Joint Venture are: Anzon Australia Limited 40% (Operator) Beach Petroleum Limited 30% CIECO Exploration and Production (Australia) Pty Ltd 20% Sojitz Energy Australia Pty Ltd 10%.
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