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Primera Energy Resources Ltd V.PTT



TSXV:PTT - Post by User

Post by DocPaton Aug 27, 2010 11:12am
422 Views
Post# 17389541

The Doctor Likes :)

The Doctor Likes :)Looks like both the Snowcap-1 well and Firecrown-1 well have hydrocarbons :) .. Wet gas = condensate = high rates of light oil production .. Nice ;)  Also like the designation of "Snowcap-1 and Firecrown-1 .. the first of many wells to be drilled on both prospects :) .. Nice.  I don't know about infrastructure .. Trinidad has a ton of it .. but if not in close proximity, could easily truck oil to market until the fields are developed .. Firecrown 1, 2, 3, 4, 5, 6 .. and Snowcap 1, 2, 3, 4, 5, 6 .. are drilled up and making BIG light oil! :) Then build pipeline to handle all that nice light oil :)  Looking forward to flow rates!

Cheers!  

Aug 27, 2010 (Datamonitor via COMTEX News Network) --

Primera Energy Resources, an oil and gas company, has announced an operational update of Snowcap-1 well. Snowcap-1, the second of two Trinidad exploration wells planned in 2010, reached a total measured depth of 8,600ft and has tested a 3D defined structure in the Herrera formation.

The well penetrated both the primary and secondary objectives in the Herrera and the Eocene respectively. Based on open hole wireline, mud logs and cutting samples, the well encountered potential hydrocarbon bearing sandstones with oil and gas shows over an approximate aggregate 300ft gross interval.

The potential hydrocarbon bearing sandstones occurred in several secondary Eocene zones from a gross measured depth of approximately 7,940ft to 8,035ft, 8,090ft to 8,135ft, and 8,340ft to 8,445ft.

Parex as operator expects to have a service rig move onto the Snowcap-1 location to conduct a multi-zone testing program, subject to regulatory approval. The C1 to C5 gas detector readings at both Firecrown-1 and Snowcap-1 are indicative of gas wetness and were present in both Herrera zones. The wet gas readings are an indication of potential oil.

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