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Well Test Results
Well Test Results.
About this update from Cloudbreak Discovery Plc
[{"type":"text","content":"\n Cardinal Resources plc\n26 October 2006\n\n\n CARDINAL RESOURCES PLC\n\n Announces Well Test Results\n\n BC No. 3A Well at 675 BOEPD\n\nLONDON - Thursday, 26th October 2006\n\nCardinal Resources plc (AIM:CDL), ('Cardinal' or 'Company') an independent oil\nand gas production and exploration company operating in Ukraine, today announces\nthat it has completed the first stage of flow testing at Well No.3A on the\nBilousivsko-Chornukhinska (BC) Licence ('BC No. 3A Well').\n\n\n\n\n\nThe well flow tested at 4.05 million cubic feet of gas per day ('MMcfg/d') or\n675 barrels of oil equivalent per day (BOEPD) from perforations between 3098 to\n3103 meters in the V-20 reservoir and was flaired. The average wellhead flowing\npressure of 88.4 atmospheres (1,300 psi) was obtained through a 9 mm (24/64 in.)\nchoke.\n\n\n\n\n\nThe testing follows the deepening of the Well which commenced in June 2006,\nwhere two reservoirs ('V-18' and 'V-20') were identified as being potentially\ncapable of commercial production. While log analysis indicates the V-18 to be\nhydrocarbon bearing; no testing was conducted on the V-18 reservoir. The\nCompany intends to produce gas from the V-20 first and leave any testing and\ncompleting V-18 until a later date.\n\n\n\n\n\nThe BC No. 3A Well is now shut-in while the test data is being analysed. The\nwell will be completed at the V-20 interval and tied into the BC gas gathering\nand separation facility, with completion expected in the second quarter of 2007.\n\n\n\n\n\nThe BC No. 3A Well was drilled using a Ukrainian 'hybridized' drilling rig,\ndeveloped by Cardinal, which reduced the drilling time from a forecasted eight\nmonths to 76 days.\n\n\n\n\n\nCommenting on today's news, Robert J. Bensh, Chairman and CEO of Cardinal said,\n'I am encouraged with the improvement in drilling time and the potential impact\nthat has on our current drilling program. The completion of this well and the\ninstallation of the gas facility are important to keep Cardinal on track to meet\nour goal of 3,000 BOEPD of incremental production by the end of 2007.\n\n\n\n\n\n\n\n\n\nBackground\n\nThe original BC No.3 Well was drilled in 1957 by a Ukrainian state entity. The\nre-drill of the new well, BC No. 3A, commenced in June 2006. In early August\nthe Visean-17 (V-17) formation at 3,000 metres was reached. Cardinal's\nevaluation show...