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Sugarloaf Block B - Update
Sugarloaf Block B - Update.
About this update from Empyrean Energy Plc
[{"type":"text","content":"\n RNS Number : 4746Z Empyrean Energy PLC 21 July 2008 \n \nEmpyrean Energy PLC \n('Empyrean' or the 'Company'; Ticker: (EME))\nSugarloaf Prospect, ('Sugarloaf'), Block B, Texas USA\n\n\n\nKowalik #1H well spuds in on Block B\n\n\n\nEmpyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA provides the following update on operations:\n\nKowalik #1H Well \nEmpyrean has been advised by the Operator of the Sugarloaf AMI, Texas Crude Energy Inc ('TCEI'), that Kowalik #1H spudded on 00:00 hrs 18 July 2008 and as at 06:00hrs 20 July 2008 (US CST) preparations were being made to commence drilling the 12 1/4' hole section having set and cemented 13 3/8' casing at a depth of 825 ft. The well is located approximately 5km north of the Kennedy #1H well and on trend from producing wells (TCEI JV Block A-1 and A-3) in Block A.\nAs previously advised, the well is engineered to take advantage of the knowledge gained from work carried out within the Sugarkane Gas and Condensate field and an analogous offset field in the region. It will target the upper pay interval that has successfully produced gas and condensate in Block A.\nThe well is planned to be drilled vertically to approximately 12,000 feet, as a pilot hole, when it will be logged, plugged back and kicked off to drill a 6,000ft horizontal section in the upper pay interval of the Austin Chalk.\nIt is estimated it will take a minimum 30 days to drill the pilot hole and approximately a further 40-60 days to conclude the drilling of the horizontal section.\nThe Joint Venture is working towards this well being the first in a continuous sequence of 4 wells.Kennedy #1H Well \n\nThe second stage of fracture stimulation (frac) took place on Thursday 3rd July. As previously advised, in preparation for the stimulation, an additional three sets of perforations, each 3 ft long, were placed in between those used for the first stimulation in the bottom 600 ft of the well. The fracture operation successfully placed approximately 100,000 lbs of high strength proppant into the fractures before high pumping pressures prevented the full program being compl...