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Sonoro Confirms Presence of Oil and Gas in the LG-1 Up-dip Well
(via TheNewswire) CALGARY, Canada / TheNewswire / Nov. 23, 2017 -- Sonor o...
About this update from Sonoro Energy Ltd.
[{"type":"text","content":"Sonoro Confirms Presence of Oil and Gas in the LG-1 Up-dip Well(via TheNewswire)\n \n \nCALGARY, Canada / TheNewswire / Nov. 23, 2017 -- Sonoro Energy Ltd. (\"Sonoro\" or \"the Company\") (TSX-V: SNV) has cased its LG-1 Up-dip well in West Sulawesi, Indonesia with 4.5\" casing and cemented it in place to a depth of 546 metres KB (below the \"kelly bushing\"), following conventional coring, logging and open-hole drill stem testing (\"DST\"). This is to allow for evaluations and production testing of several prospective hydrocarbon-bearing zones.\n\n\n \nPreliminary interpretation and calibration of the drilling, conventional cores and wireline logs show an interval of 79 metres of reservoir sandstones interbedded with shales in the Pliocene aged Lisu Formation between depths of 295mKB and 500mKB. Of the reservoir sandstones, a minimum of 10.1 metres are individually thick enough (>0.75m) to register as pay using petrophysical methods, where conventional cores clearly indicate the presence of hydrocarbons. Conventional cores and DSTs have shown the majority of the thicker sandstones to be highly permeable and unconsolidated. The Company was able to run three open-hole DSTs, but with sand production, and plugging of surface equipment, which are common with drilling operations in Indonesia, the Company did not run the remaining two DSTs, and proceeded to case the well.\n\n\n \nWell deliverability testing is planned to be carried out after further analysis and subsequent cased-hole production testing, before the level of commerciality of the LG structure can be confirmed.\n\n\n \nDrilling and services equipment will now be demobilized from the LG-1 Up-dip wellsite. The Company will evaluate all the well data and results to prepare plans to complete and production test the well, which it hopes to carry out during the first quarter of 2018. The Company will be reviewing the plans with SKKMIGAS, Indonesia's government regulator, to obtain further permits and extensions of the license as may be required.\n\n\n \n\"We are excited about the results we have seen and the opportunity we have potentially opened up. The clear evidence of highly permeable reservoir sands, and the presence of continuous-phase trapped oil and gas, have further de-risked the project.\" says Richard Wadsworth, CEO and Director of Sonoro Energy. \n\n\n \n\"We also...