Shares in Empyrean Energy were given a boost this morning after the company reported that A-4 well on Block A of the Sugarkane Gas and Condensate Field had flowed at commercial rates. Empyrean Energy has a 7.5% working interest in the well; the operator is Texas Crude Energy Inc.
Texas Crude informed Empyrean that on flow testing the well returned initial rates as high as 2.5 million cubic feet of gas per day and 260 barrels of oil per day with flow tubing pressure of 4400 psi.
Empyrean Executive Director Tom Kelly added:
“This un-stimulated flow from a 1,500 odd foot interval of horizontal well is a great result for the A-4 well. This further de-risks the project and provides another successful well that will shortly go into production to a sales pipeline. There is still great potential for wells that have longer horizontal completions in the productive zone to have even better or multiples of these flow rates without stimulation – and we already know that stimulation can achieve excellent results.”