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Ravninnoe and BNG Operations
Ravninnoe and BNG Operations.
About this update from Caspian Sunrise Plc
[{"type":"text","content":"\n RNS Number : 2927P Roxi Petroleum Plc 14 July 2010 \n \n\n\n\n\n\nFor immediate release\n\n\n14 July 2010\n\n\n\n\n \n \nRoxi Petroleum plc (\"Roxi\" or \"the Company\")\nRavninnoe and BNG Operations update\n \nRoxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces the following operations update:\n \nRavninnoe Well 20\nOn 31 May 2010, well 20 (drilled during November and December 2009) was put onto 90 day production test. Following injectivity tests in June, an acid squeeze across the open perforations was performed, to stimulate the dolomitic section between 3258m and 3288m depth. Despite the acid being successfully pumped, no clear improvement has been observed from production testing to date with rates of approximately 120 barrels of oil per day being produced. Testing will continue through to the end of July, and Ravninnoe Oil LLP has applied to the Kazakh Ministry of Oil and Gas to put the well onto continuous production and further evaluate the reserves on the Ravninnoe field. While the Company understands that the results from the acidisation do not preclude further stimulation or enhancement efforts, it believes that the new data acquired and the results of the well 20 test, indicate that further reserves potential on the Ravninnoe field will be linked to the identification of new reservoirs, resulting from our better understanding of the palaeo-geographic and structural model.\n \nBNG\nWell 806\nWell 806, on the South Yelemes structure, is due to spud within the next two weeks. This appraisal well is targeted to encounter Jurassic hydrocarbon bearing sands at approximately 2200 metres depth. It will also core and evaluate a secondary objective in the Lower Cretaceous dolomites. As a result of the information received from well 805 and the resultant re-evaluation of the structure, the bottom hole location of well 806 will be deviated to test the South Yelemes structure at the optimum location.\n \nWell 805\nWell 805 testing is scheduled to commence in the second half of July 2010, with a work-over rig currently being mobilised. Two intervals will be tested, the Jurassic sands, and Lower Cretaceous dolomites. Further announcements on wells 805 and 806 will be made in due course.\n \n3D Seismic\nBNG is in the middle of a rolli...