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Significant Well Test Results
Significant Well Test Results.
About this update from Aminex Plc
[{"type":"text","content":"\n RNS Number : 9940G Aminex PLC 30 October 2008 \n \n30 OCTOBER 2008\nAMINEX PLC\n\nSIGNIFICANT WELL TEST RESULTS\n\nSUNNY ERNST-2 WELL FLOWS 6.14 MILLION CUBIC FEET GAS AND \n342 BARRELS CONDENSATE PER DAY FROM THE \nFIRST OF THREE PRODUCTIVE ZONES\n\nAminex PLC (\"Aminex\") announces the results of the first phase in a testing programme at the Sunny Ernst-2 well (\"SE-2\"), Alta Loma, Galveston County, Texas.\n\nThe first phase of testing programme at SE-2 has materially exceeded expectations. The well is expected to transform Aminex's existing US production and to make a material and immediate contribution to cashflow.\n\nSE-2 encountered multiple hydrocarbon-bearing formations in four separate zones, all of which have been logged as potential reservoirs: \n\nZone 1 the Weiting Sand 5 feet of reservoir\nZone 2 the \"S Sand\" 60 feet of reservoir\nZone 3 the \"Upper Andrau\" 30 feet of reservoir\nZone 4 the \"Massive Sand\" 4 feet of reservoir\n\nProgress on the testing programme: \n\n\n\nZone 4, the Massive Sand, tested gas flow rates in excess of 1.7 million standard cubic feet per day (\"mmscfd\") and approximately 100 barrels of condensate per day.\n\n\n\n\nZone 3, the Upper Andrau, tested gas flow rates of 6.1 mmscfd and 342 barrels of condensate per day. \n\n\n\n\nZone 2, the \"S\" Sand, is the largest formation and will be perforated and tested in the near future.\n\n\n\n\nZone 1, the Weiting Sand, will not be tested at this time and will remain as \"behind-pipe\" reserves for future production\n\n\n\nGas is now being delivered to market from the Upper Andrau formation on an initially restricted choke at the rate of 4mmscfd. There is a ready market for gas in...