Business
Romania Well Flow Test Operations Update
Romania Well Flow Test Operations Update.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 4304V\n Reabold Resources PLC\n 07 August 2020\n \n \n \n \n 7 August 2020 \n \n \n \n \n Reabold Resources plc\n \n \n \n (\"Reabold\" or the \"Company\")\n \n \n Romania Well Flow Test Operations Update\n \n \n \n \n \n Reabold, the AIM investing company which focuses on investments in upstream oil and gas projects, provides an update on well flow test operations at the Iecea Mica-1 (\"IMIC-1\") well in Romania as part of the 2020 work programme (the \"Work Programme\"). \n \n \n \n \n \n The Work Programme is being carried out by Danube Petroleum Limited (\"Danube\"), which has a 100 per cent. interest in the Parta Sole Risk Area and will, on completion of the farmout to Tamaska Oil & Gas (see Reabold's announcement of 8 April 2019), have a 50 per cent. interest in the Parta Exploration Licence. \n \n \n \n \n \n Reabold holds a 50.8 per cent. equity interest in Danube. ADX Energy Ltd (\"ADX\") is the operator of IMIC-1.\n \n \n \n \n \n Highlights:\n \n \n \n \n \n · \n Services engaged including coiled tubing, nitrogen and testing services to acidise and flow test the IMIC-1 well. Programme start date expected within four weeks and expected to take nine days. The majority of the services are available in Romania thereby minimising potential delays due to COVID-19 related border restrictions.\n \n \n · \n Decision to proceed based on recently recovered down hole pressure measurements which confirm non-depleted reservoir pressure and gradual influx of reservoir fluids from down hole sampling which has recovered methane and drilling mud filtrate. \n \n \n · \n Programme objectives are to initiate flow by overcoming expected mud filtrate build up which has been interpreted as preventing strong flow from the well, determine reservoir fluid composition and the flow capacity of the PA IV reservoir.\n \n \n · \n Expected benefits of acidisation are the stimulation of the well in order to create flow paths for gas beyond the mud filter cake and drilling induced reservoir damage built up around the well bore while drilling and possible invasion into the reservoir. Acidisation is a very common practice for such reservoirs in Western Romania where over 20 per cent. of the reservoir is analysed from drilling cuttings to consist of calcite and siderite cement that can be disso...