Golden Gate Petroleum Limited (“GGP”) (ASX:GGP) is pleased to provide the market an update on the Permian Project in Texas, USA.
#5H Well Update
Preparations have begun for the hydraulic fracturing of the #5H well in the “A” bench of the Wolfcamp interval. A Nabors rig has been used to test the casing, clean out the hole, circulate KCL and spot acid.
The initial perforations for the first stage of the frac program have been shot. Good communications with the formation were established. Next step is to install the frac tree. Production tanks will be set on site during the week along with other production equipment. Water transfer lines will go thru their final installation from the frac pond.
Halliburton is currently scheduled to rig up at the end of the week and begin the logging and fracture stimulation program shortly thereafter.
#1 and #2 Well Update
Once the Nabors rig completed work on the #5 well in preparation for the frac program, the rig was moved to the #1 well. Starting this week, the #1 well will be prepared to be brought back on production from the Wolfcamp/Cline interval.
A capillary tube will be installed in the well to inject chemicals to inhibit the paraffin coming from the Cline. The #2 well will also go thru the same installation. Both wells will undergo frac completions in the Spraberry Dean intervals after sufficient production data has been gathered from the Wolfcamp/Cline interval.
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