logo-loader

Aurelian Oil & Gas making good progress with Trzek-3 on Siekierki gas field, Poland

Published: 16:40 15 Jun 2011 AEST

no_picture_pai

Aurelian Oil & Gas PLC (LON:AUL) said it is making good progress with its seceond Multi Fracced Horizontal Well (MFHW) on the Siekierki tight gas field in Poland.

Trzek-3 was successfully drilled and completed with a cemented liner, and fraccing is expected to commence early July, taking up to six weeks to complete.

The group plans to start a stabilised flow test at Trzek-3 around mid-August, it said in an operational update.

The rig that drilled Trxek-3 will now move to the wellsite of Krzesinki-1, Aurelian’s first Siekierki South-West well. Spudding is planned for early July.

The group expects the well to reach target depth of 4,150 metres in early Q4 2011. Krzesinki-1 is on trend with producing fields in areas of good permeablity and is targeting net resources to Aurelian of 44 billion cubic feet with an upside of 465 bcf.

Aurelian said processing and interpretation of the recently acquired 2D seismic data on the Poznan Block 208 adjacent to the Siekierki project should be completed by the end of Q1 2012. The survey will be processed and interpreted to determine the block's prospectivity with a focus upon the Rotliegendes and Zechstein plays along trend from Siekierki.

The Siekierki project is located on the Poznan licences which are 100 percent held by Energia Zachόd, a company owned 90 percent by Aurelian and 10 percent by Avobone NV.

The partner group drilling the first well on Bieszczady block in Poland announced that the Niebieszczany-1 well, which spudded on October 14 2010, is currently drilling ahead at 3,946 metres with wire line logs having been taken over the interval to 3,840 metres.

Drilling progress has been slower than expected due to an over-pressured permeable interval between 3,845 - 3,848 metres which was required to be cemented to control the well.

In total, four drill stem tests, all recovering hydrocarbons, and six cores have now been taken in the Krosno sandstones.  These tests and cores indicate the formation to be characterized by porosities of up to 7 percent with numerous fracture zones facilitating the flow of the hydrocarbons.

Longer term tests on all of these zones will be required to determine overall commerciality, however at this stage, the results from the drill stem tests are encouraging, Aurelian said, Cost exposure to the slow progress of this well has been mitigated due to the fixed cost nature of the contractor's turnkey contract.

The primary reservoir targets are expected between 4,000 metres and 4,800 metres and these remain the primary focus of the well which is targeting up to 100 million barrels (gross) of oil.

Interests in Bieszczady are: Polskie Gornictwo Naftowe i Gazownictwo, operator with 51 percent, wholly owned Aurelian and Gas Poland unit Energia Bieszczady with 25 percent and Eurogas Polska with 24 percent.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

12 hours, 36 minutes ago