ABN 22 009 171 046
PRODUCTION TESTING CONTINUES AT BULLSEYE PROSPECT
Jumonville # 2 Bullseye Prospect, Iberville Parish, Louisiana, Non Operator 5% WI
The Company advises that since perforating the lower Cib Haz interval, communications with the interval has been limited with only small amounts production fluid flow back. Shut in pressures are currently being monitored. A wireline will be run to determine if the full charge perforation array were discharged correctly and if a revised testing program should be put in place. The new testing program could include re-perforating the interval or other actions determined by the new well bore analysis. Following this review, the joint venture could either re-perforate the lower Cib Haz interval, consider other completion options or move to the upper Cib Haz interval for testing.
The lower Cib Haz interval that is being tested appears to have reservoir properties similar to those in an analogue well that produced from the Cib Haz interval at similar depths and pressures, approximately 8 miles from the Bullseye prospect. The electric log characteristics of the Cib Haz are similar to those in the Jumonville #2 well. Sidewall cores from both wells have comparable permeabilities and porosities in sandstones, siltstones and shales. A major difference between the two wells is that the producing interval in the analogue well is much less sand-rich than either of the two potential Cib Haz reservoirs in Jumonville #2.
Depending on the test results, the Jumonville # 2 well will either be put on immediate production from one of the two Cib Haz intervals or the known productive Miogyp sandstone which is about 20 feet thick in the Jumonville #2 well. Surface facilities have been finalized and connected to the already established sales line that currently handles the Jumonville #1 oil and gas production.
On behalf of the Board of Directors
For further information on the Company please visit our website:
www.qpnl.com.au
For further information contact:
Mark Freeman
Executive Director
Brett MitchellDirector / Company Secretary
Quest Petroleum est une société développant des projet miniers et de pétrole basée en Australie.
Quest Petroleum détient divers projets d'exploration en USA.
Ses principaux projets en exploration sont SOUTH EAST LOST HILLS et BULLSEYE en USA.