Halifax-1 Vertical Well Flowing Back Gas and Stimulation Flu
Adelaide, Feb 14, 2013 AEST (ABN Newswire) - Beach Energy Limited (
ASX:BPT) advises that the flow back of stimulation fluid and gas from the Halifax-1 well, located in ATP 855P (Beach 60% and operator, Icon Energy Ltd 40%), commenced on 11 February 2012. As at 6:00pm on Wednesday, 13 February, the flow was being constrained to 2.2 MMscfd by a 24/64" choke due to temperature restrictions on elements of the surface equipment. It is anticipated that the choke will be further opened as the ratio of gas to fluid in the well stream increases.
The well reached total depth at 4,267 metres, after which a 14 stage fracture stimulation program was completed throughout the whole of the gas saturated Permian target zone. Seven stages were completed in the deeper Patchawarra Formation, one in the Murteree Shale, two in the Epsilon Formation, two in the Roseneath Shale, one in the Daralingie Formation and one in the Toolachee Formation.
Reg Nelson, Managing Director of Beach, said: "Halifax-1 is the fourth vertical well to have flowed gas from the unconventional exploration program that Beach has operated to date. Each well in the exploration program is integral to the program as a whole, with various data points obtained along the way. It is anticipated that Halifax-1 will provide relevant information over the coming months that will continue to move this unconventional play toward commercialisation."
Contact
Beach Energy Limited
T: +61-8-8338-2833
F: +61-8-8338-2336
WWW: www.beachenergy.com.au
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