- The Hensarling #1 well (Desiree Field) commenced production 3 July 2013 Houston time from the Cris RIII. The Company has been advised by Grand Gulf Energy (ASX:GGE) that during the first 17 hours of production reported, the well produced 240 bbls of oil, unassisted and that the operator anticipates the well will sustain this rate and expects production rates between 330 to 370 bbls per day through a 20/64 inch choke.
- The well reached a TVD of 12,455ft in mid-December 2012. Electric logging operations confirmed net pay of 31ft in the Cris R II and 49ft in the Cris R III sands.
- Post drill, gross resources are estimated to be 952,000 bbls oil and 0.4 BCFG in the Cris R II & III. The well will produce the thicker Cris R III resources following which the overlying Cris R II will be completed for production.
The Company expects based on advised flow rates to generate additional net revenue of $27,000 per month from our working interest in this well.
For further information please download PDF below:
