Business
Well Operations Update
Well Operations Update.
About this update from Corpus Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1387Z Curzon Energy PLC 13 December 2017 \n\n13 December 2017\n \nCurzon Energy Plc\n(\"Curzon Energy\" or the \"Company\")\n \nWell Operations Update\n \n \nCurzon Energy Plc, an energy company pursuing a targeted acquisition strategy of oil and gas appraisal and development assets, is pleased to announce that workover and clean-out operations have been completed on three of five wells (9-21, 1-21, and 15-21) at its Coos Bay CBM project. Clean-out operations are now commencing on the fourth well (16-16) and it is anticipated that the clean-out of this well, and the fifth and final well (13-15), are scheduled for completion in the coming weeks, to be followed by production flow tests on each well.\n \nAs expected, workover operations have encountered sand and coal fines in the wellbores, which the company believes may have created restrictions to flow from deeper pay completions. The company anticipates that removal of these flow restrictions will improve on the historic test rates of these wells. Following completion of the clean-out operations and various upgrades to production equipment, each well will undergo a series of flow tests in order to establish well deliverability. \n \nCurzon Energy is Operator and has a 100% working interest in the Coos Bay CBM project, c. 45,000 acres of known Coalbed Methane (CBM) Gas accumulations in Coos Bay, Oregon, with 2C contingent resources of 273.5BCF. The Company is implementing a cost effective staged development plan, targeting first gas from Phase I in Q2 2018. The Phase I work programme consists of the low-cost workover of five existing, and drilling of two new wells.\n \nStephen Schoepfer, Managing Director of Curzon Energy said:\n\"We are delighted that operations continue to progress as expected. With only two workovers remaining we look forward to initiating a thorough well testing programme on all five wells shortly and look forward to updating shareholders on our progress in due course.\"\n \n \nFor further information please contact: \n \n\n\n\n\nCurzon Energy PLC \n\n\nc/o Camarco \n\n\n\n\nStephen Schoepfer / Thomas Wagenhofer\n\n\n+44 20 3757 4980\n\n\n\n\nwww.curzonenergy.com \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP \n\n\n+44 20 3470 0470\n\n\n\n\nRichard Hail \n\n\...