logo-loader
viewAnsila Energy NL

Ansila Energy completes appraisal work at Siciny-2 within Polish oil & gas concession

The company is focused on work programs at the Gora Siciny-2 well and the Nowa Sol Jany-C1 well onshore Poland.

Ansila Energy NL - Ansila Energy progresses work programs at Gora and Nowa Sol, aims to prove commercial viability
Gora contains multiple conventional gas prospects totalling 210 billion cubic feet

Ansila Energy NL (ASX:ANA) has completed the Siciny-2 long-term transient pressure build-up test at its Gora and Nowa Sol oil & gas concessions onshore Poland with pressure gauges extracted from the well being analysed.

This concludes the operational aspects of the appraisal work program at Siciny-2, which has 2C contingent resources of 1.6 trillion cubic feet, or approximately 270 million barrels of oil equivalent, of unconventional gas.

Results of the build-up test will be integrated with remaining post-operational Siciny-2 well appraisal data to develop Ansila's understanding and characterisation of the Carboniferous reservoir and the strategy regarding next steps across the Gora licence.

Earn-in agreement

Ansila has an earn-in to the concessions which will see it acquire a 35% interest from operator Gemini Resources Limited by spending A$6.15 million with work designed to unlock and prove the commercial viability of the two potentially large unconventional resources plays.

Technical workstreams continue to be progressed to better understand how Ansila can exploit the conventional Rotliegendes potential of the Gora licence.

Gora concession contains multiple conventional gas prospects totalling 210 Bcf (best case estimate) with an average chance of success of 28%.

The largest of these prospects is Rawicz North with a best-case estimate of 110 Bcf of gas and 24% chance of success.

The near-term conventional potential of the Siciny-2 well, which contains 21 metres of conventional gas pay in the shallower Rotliegendes interval, is being reviewed by Gemini Resources to assess the potential size of the gas accumulation in the Rotliegendes reservoir.

Operating committee meeting planned

An operating committee meeting (OCM) is planned for late this quarter or early in quarter two and this will address licence preparations and planning for the Jany-C1 (Nowa Sol) work program targeting 2C contingent resources of 36 MMbbls oil.

After this meeting, Ansila will be well-placed to provide an update on the licence and operational preparations for the Jany-C1 well re-entry.

Jany-C1 appraisal

The Jany-C1 appraisal program, consisting of the fracture stimulation and flow testing of the previously discovered 2C contingent resources within tight Zechstein Dolomite formation, is scheduled for next quarter.

An application with the Ministry of Environment, Poland, for the conversion of the Nowa Sol Concession to a production licence has been submitted by Gemini Resources and is expected to be approved by the end of the current quarter.

Ansila’s new ventures strategy is focused on acquiring operated or non-operated interests in European onshore or shallow water opportunities and a number of asset opportunities are under review and actively being pursued.

Quick facts: Ansila Energy NL

Price: 0.005 AUD

ASX:ANA
Market: ASX
Market Cap: $2.54 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ansila Energy NL named herein, including the promotion by the Company of Ansila Energy NL in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Ansila Energy expects to flow test Siciny-2 well this month

Ansila Energy (ASX:ANA) says it's on track to start well flow tests at its recently drilled and fracced Siciny-2 well within the Gora concession in Poland. Technical Director Chris Lewis tells Proactive London about the current well clean up and why they're using nitrogen gas as part of that...

on 9/1/20

2 min read