ABN 22 009 171 046
SOUTH EAST LOST HILLS PROJECT UPDATE
The Jack Hamar 3-13 well has recently experienced declining pressure and gas flow rates and there were indications of a build up in fill which appeared to be the likely cause of the pressure and rate decline. A decision was made to clean out the well with coil tubing in order to attempt to re-establish commercial production.
After completing the coil tubing clean out operations the fluid was swabbed from the well however there is no indication so far that the clean out has re-established significant pressure or production flow rates.
The well has been shut-in and the joint venture will re-evaluate the information it has gathered from the clean out operation and decide whether to undertake further remedial work on the production interval, or move up the well where two additional intervals were identified for testing.
The operator, Solimar Energy (ASX: SGY), is continuing with preparations for the drilling of a new gas well at Southeast Lost Hills. A location has been identified from the recently processed seismic data. Permit applications are moving ahead and it is expected that drilling operations will commence during 2009.
To view the full announcement, or for further information on the Company, please visit our website:
www.qpnl.com.au
On behalf of the Board of Directors
For further information contact:
Brett Mitchell
Director
Phone +61 8 9324 1177
Mark FreemanExecutive Director Phone +61 8 9324 1177
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.