FPL 8.33% 0.7¢ fremont petroleum corporation limited

Ann: Columbus Gas Well Flows at 1.03 Million Cubic Feet Per Day, page-29

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    Extract from link --- https://smallcaps.com.au/pathfinder-flow-rates-exceed-expectations-fremont-petroleum/

    The bit I like...

    Low-cost, high-impact drilling program

    Fremont is the first company to successfully drill through the difficult Pierre formation and drill a horizontal well into the Niobrara formation.
    The company has embarked on a low-cost, high-impact drilling program targeting oil production from Pierre which remains in virgin territory within the Pathfinder field.
    Pathfinder C11-12, Columbus and Marco Polo have all been tested, with the aim of building a large cumulative flow rate to enhance gas sales negotiations.
    In June, the company reported an initial flow rate at Pathfinder C11-12 of 1.6mmscfd. Pathfinder and Columbus are 3 kilometres apart and previous tests confirmed the hydrocarbon system in the field extends over a large area covering the Niobrara and Pierre formations.
    Cumulative initial 24-hour flow rate of Pathfinder C11-12, Columbus and Marco Polo has been reported at 4.13mmscfd, leading Freemont to believe that the Pathfinder field contains a much greater resource the independently-verified 220 billion cubic feet of gas.
    “It is clear that [this] field hosts a very large gas resource, much larger than we thought and the flow rates from the three wells confirms a significant and contiguous gas deposit is in place and present at Pierre and Niobrara,” the company said.
    “Gas sales negotiations are at an advanced stage and higher than anticipated flow rates from all three wells is helping [us] assess a number of options to significantly scale up gas production from the Pathfinder field.”


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