Business
Commencement of Well Testing
Commencement of Well Testing.
About this update from Corpus Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5536D Curzon Energy PLC 01 February 2018 \n\n1 February 2018\n \nCurzon Energy Plc\n(\"Curzon Energy\" or the \"Company\")\n \nCommencement of Well Testing\nCoos Bay Coalbed Methane Gas Field, Oregon, USA\n \n \nCurzon Energy Plc, the 100% owner of the 45,000 acre Coos Bay Coalbed Methane (CBM) Project, is pleased to announce that following the recent completion of workover operations, well testing operations on all five existing wells at Coos Bay have now commenced.\n \nHighlights\n \n· Testing started on the 29th of January 2018\n· Contract awarded to Wood Group USA, specialists in CBM well operations, to assist with optimization of well testing and field production design\n· All five existing wells (1-21, 9-21, 15-21, 13-15 and 16-16) in operation \n· Recording of gas and water production volumes underway\n· Wells showing signs of early gas production \n· Gas rates anticipated to increase steadily with reservoir water removal \n \n \nEarly results of the well testing at Coos Bay confirm that the coals are fully saturated and do not require the intervention of a long-term dewatering processes, which is evident from the early indications of gas production.\n \nIn parallel with the start of the testing program, the Company is advancing the installation of a water disposal system, a gas sales contract and a trunk line connection for future gas sales. The Phase One development plan for Coos Bay remains on track to deliver first gas in Q2 2018.\n \nStephen Schoepfer, Managing Director of Curzon Energy said:\n\"We are delighted to have entered the testing phase of our Phase One development plan at Coos Bay where results thus far fall in line with our technical assumptions. We remain on track to deliver first gas in Q2 2018 and I look forward to updating the market on aggregate test results in due course.\"\n \nAn updated investor presentation can be viewed on the Curzon website here: http://www.curzonenergy.com/investor-relations/reports-and-presentation/2018 \n \n \nFor further information please contact: \n \n\n\n\n\nCurzon Energy PLC \n\n\nc/o Camarco \n\n...