stake in nxs AZA getting a lift off NXS today aswell (16.5% stake)
NXS announced LONGTOM 3 CURRENTLY FLOWING AT 23 MMSCF/D
FROM UPPER SANDS
“The sands that did not test in Longtom-2”
Nexus Energy Limited is pleased to report that at 7.30 AM this morning the first production
test on Longtom-3 over the upper sands (“400 sands”) was flowing at 23 MMscf/d through a
1 ” choke with a flowing well head pressure of 1200psi. The well was opened up at 7.40 PM
on Wednesday the 13th of September at an initial flow rate of 30 MMscf/d before being
choked back to achieve a stabilised flow rate.
The well is being tested over the 400 sand interval of 2135.0 – 2170.0 mMDRT and 2180.0 –
2195.0 mMDRT. This is the sand interval in which flow was not achieved in the Longtom-2
well.
The results from this test confirm the flow potential of the 400 sand reservoir section in the
Longtom field, addressing a major concern leading up to the drilling of the Longtom-3 well. A
flow was not achieved in the 2nd test of Longtom-2 – a test which Nexus has interpreted to
have failed due to down hole mechanical problems.
The well will continue to be flowed until later today to monitor stabilised flow rates and
pressures prior to shutting the well for approximately 12 hours to monitor the pressure
response from the reservoir.
These results are preliminary - additional information in relation to this test will be provided at
the conclusion of testing.
AZA
anzon australia limited
