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
Hydraulic fracturing of the #5H well in the “A” bench of the Wolfcamp interval is underway. Halliburton moved final equipment onto the #5H well site last Friday, completed set up over the weekend and began pumping Monday morning, 1 April (US Central time). It is expected to take several days to complete all stages of the stimulation program.
#1 and #2 Well Update
A Nabors rig is at the #1 well. Work has commenced on bringing back the well on production from the Wolfcamp/Cline interval.
A capillary tube is being 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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