Business
Dempsey Gas well update
Dempsey Gas well update.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2538Y Empyrean Energy PLC 04 December 2017 \n\nThis announcement contains inside information\n \nEmpyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas\n 4 December 2017\nEmpyrean Energy PLC (\"Empyrean\" or the \"Company\")\nDempsey Gas well update\n \nEmpyrean Energy (EME: AIM), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been informed by Sacgasco Limited (ASX: SGC) (\"Sacgasco\" or \"the Operator\"), the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that perforating and flow-testing of the Dempsey 1-15 well is continuing as planned. \n \nThe second zone of gas shows in the well has been perforated and is in the process of being tested. This zone has flowed dry natural gas and no water and has confirmed initial shut-in pressures exceeding 6,000 psi. Further gathering of test data is required before the Operator has sufficient information to meet regulator guidelines on reporting results. Analysis of the potential of this zone is still at a very early stage.\n \nNo conclusions as to the potential commerciality of this zone can be drawn from this early testing.\n \nThe testing programme has followed good oilfield practise by beginning testing from the bottom of the well. These tests are not in order of interpreted potential based on quality of log and gas show response. The zone currently being tested is the second of multiple additional zones to test below the field production level reservoirs.\n \nThe test programme has also been carried out in a methodical and measured way to ensure safe outcomes. The Dempsey reservoirs are high pressure and the Operator is working in a considered fashion to ensure the best outcome for JV partners. Notably, the well activities include extensive exploration components that require the assessment of information from each operation as the basis of design for the following stage. This analysis between tests takes some time to ensure the Operator receives the maximum resource information in an efficient way.\n \nWhile work is still ongoing on Dempsey, planning for a re-entry of the Alvares gas discovery well is progressing.\n \nSince the last test...