Glenaras Pilot Update
Operations since the last report (
The natural gas rate at the Pilot was maintained at approximately 70 Mscfd notwithstanding G10L and G16L having been offline during these activities. These two productive wells are now in the process of being brought back online with gas production observed at each of the six vertical wells and the natural gas rate now approaching 80 Mscfd. The production from these wells will be progressively optimised and the workover rig is currently undertaking the perforation operations on the Glenaras 12L well. In addition to the Pilot operations, a regional pressure monitoring programme has been conducted and the Glenaras 8 well (historical cased and suspended appraisal well) some 7 km NE of the Pilot, has been re-entered and pressure tested.
These tests have demonstrated material pressure depletion at this distal location, confirming that the reservoir sequence is highly productive and continuous over a large distance, which positions us on track for proving up our Reserve targets and augurs well for future full field economics. In addition to pressure depletion at Glenaras 8, the pressure monitoring programme indicates an even greater degree of pressure depletion at
Further operational updates will be provided to the market as operational and maintenance activities are completed and all wells brought back online.
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Tel: +61 (0) 7 3177 9970
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