Alvopetro Announces Updated Gomo 183(1) Well Test Results

About this update from Alvopetro Energy Ltd.

[{"type":"text","content":"\n\n\n\nAlvopetro Announces Updated Gomo 183(1) Well Test Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Jan. 30, 2020\n\n\n\nCALGARY, Jan. 30, 2020 /CNW/ - Alvopetro Energy Ltd. (TSX-V: ALV; OTCQX: ALVOF) (\"Alvopetro\") announces updated results from our post-stimulated Gomo 183(1) well test.\nGomo Tight Gas Resource (100% Alvopetro) - 183(1) Well Test\nOur 183(1) well, located on Block 183 (100% working interest) in the Recôncavo basin in the State of Bahia, Brazil was originally drilled in 2014 to a total depth of 3,550 metres.  We completed the stimulation of an 18-metre zone in the Gomo Member of the Candeias Formation.  We commenced a flowback and clean-up flow process on December 16, 2019 to recover completion and stimulation fluids.  As a result of limited equipment availability, our ability to accelerate and complete the clean-up flow period continues to be limited.  We were cycling the well to recover the remaining completion fluid.  Over this flowback period the well produced a total of 10.5 million cubic feet (\"mmcf\") of natural gas, 737 barrels (\"bbls\") of completion fluid and 419 bbls of 56-degree API condensate.  During the flow cycles we saw continual improvement to the well with good reservoir energy and pressure support during each build-up cycle.  On January 22, 2020, we decided to shut-in the well for 5 days prior to commencing a 72-hour production test.  Over the build-up period, well head pressure increased to 1860 psi. Over the 72-hour production test the well produced a total of 2.0 mmcf of natural gas, 46 bbls of completion fluid and 69 bbls of 56-degree API condensate, or approximately 35 bbls of condensate per mmcf of natural gas with a final flowing wellhead pressure of 154 psi on a 32/64\" choke. The well is still being impacted by completion fluid and liquid loading and is expected to clean-up during long duration flow. The well has now been shut in for an extended pressure build-up. The results of the pressure transient analysis will allow us to assess th...

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