The company has completed its maiden operating committee meetings, held in Warsaw on October 15 2019 with the operator Gemini Resources.
Ansila’s earn-in transaction to the Gora and Nowa Sol concessions will see the company acquire a 35% interest from Gemini by spending a total of $6.15 million on these concessions with work programs designed to unlock and prove the commercial viability of two potentially large unconventional resource plays.
On Gora, the Siciny-2 re-entry and frac Authorisation for Expenditure (AFE) has now been approved following an independent review carried out by Oilfield Production Consultants Limited (OPC) and Fenix Consulting Delft on behalf of Ansila.
The work scope of the review by OPC and Fenix included the following elements with the objective to ensure that the most comprehensive acquisition of data is achieved within the approved work program and budget:
- Project budget, control and audit: An examination of the commercial aspects of the fracture stimulation and well testing program to ensure project time optimisation
- Frac design audit: A review of the 2-stage fracture stimulation program based on the current DFIT (Direct Formation Injection Test) data available to ensure accurate data points are gathered;
- Well test audit: A review well test design program, including the surface equipment package, and the data set to be acquired during the flow test and pressure transient build-up phase of the well test.
The results of the review concluded that, based on information made available to OPC, it is anticipated the planned work can be completed within the approved AFE providing no significant problems or delays are encountered during the execution of the work program and that Gemini has presented a reasonable frac design proposal for the Siciny-2 well and reservoir interval.
OPC also concluded that the well test program meets the requirements to provide valuable information on reservoir properties and flow potential.
Estimated timing for the frac and well test operations