News Release
Azure shuts in C-1 well, C-2 well to test three zones
2013-04-22 17:00 ET - News Release
Dr. Waseem Rahman reports
SECOND WELL PLANNED FOR DRILLING AT THE CATALCA LICENCE, THRACE BASIN, TURKEY
Following completion of flow testing the primary sand interval based on the log data between 448.5 metres to 455.5 metres (net 7.0-metre interval of pay sands) from Azure Resources Corp.'s Cayirlik-1 well, Catalca licence, Thrace basin, Turkey, the well has been shut in as a future gas producer. The largest initial raw gas flow rate using a 40/64th-of-an-inch choke size, as reported by the joint operator of the licence, was 102,225 cubic metres per day: 3.61 million cubic feet per day. The gas analysis result showed 98.8 per cent clean dry methane gas.
The location for the next step-out development well (C-2 well) has been selected about 325 metres northwest of the C-1 well. The C-2 well will also test three additional prospective target zones identified from the 2-D seismic interpretation, which, if confirmed, will add to the Cayirlik structure resource base.
Botas, the Turkish pipeline company, will confirm the gas delivery point, following which the pipeline tie-in route will be identified and planning for the gas-processing facilities will commence. Pricing of natural gas in Turkey is at a substantial premium to North American price levels currently at $10 plus per thousand cubic feet.