AQO 0.00% 27.5¢ ambassador oil and gas limited

Some interesting flow rates from the Patchawarra Formation!Beach...

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    Some interesting flow rates from the Patchawarra Formation!

    Beach Energy


    Flow testing of Moonta-1 commenced on 14 December 2012. The well has flowed back stimulation fluid and gas since that date, with the gas rate currently at 2.1 MMscfd and increasing, and the fluid rate decreasing. Flows remain restricted by a surface choke which will be gradually opened during the test, with further increases in the gas rate expected. Approximately half of the fracture stimulation fluid expected to be recovered has now been extracted from the well. The well was fracture stimulated with eight stages in the Patchawarra and a single stage in the Murteree, with the remainder of the REM targets expected to be fracture stimulated and flow tested at a future date.

    The fracture stimulation of Streaky-1 was completed with eight of the stages placed in the Patchawarra Formation to assess the basin-centred gas potential in this play, and one stage placed in the Murteree Shale to further understand the shale gas play. Following coiled tubing operations and the installation of production tubing, flow testing is expected to commence in early February. Similar to Moonta-1, the shallower Permian targets are likely to be assessed in subsequent stimulation and testing activities in 2013.

    It will be interesting to see what Streaky-1 flow rates are.
 
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