TSXV:CEN.H - Post by User
Post by
blue_eagleon Sep 30, 2013 8:53am
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Post# 21777481
SPHE-1 hits
SPHE-1 hits
CEN Coastal Energy - Onshore SPHE-1 + Thai EIA Applications
This was in SMDR's NR this morning which is of most interest to us Coastal holders.
Very good test result on the onshore gas field which CEN interest is currently 39.5%.
"
Sinphuhorm East-1ST ("SPHE-1ST"), L15/43
The onshore SPHE-1ST well has successfully tested gas from the Permian-aged Pha Nok Khao ("PNK") reservoir at a surface constrained rate of over 50 MMscfpd. The flow rate is commercial and is among the best production rates seen in the field.
The reservoir section of the well has been drilled underbalanced to an intermediate depth of 2,255 m TVDSS encountering the top of the PNK formation at 2,075 m TVDSS. Shut-in pressures indicate that the drilled reservoir is in communication with the main Sinphuhorm gas field. Preparations are underway to drill ahead to determine the depth of the gas-water contact and complete deliverability testing of the remaining hydrocarbon potential within the PNK reservoir.
The well was the first drilled on the recently acquired 3D seismic data and was designed to appraise the field's extent and reservoir deliverability. This result confirms the field extension from the production licenses (Salamander net 9.5%) into block L15/43 (Salamander 27.2%). As at 1st January 2013, Salamander booked a net 16.3 MMboe of 2P reserves and 11.3 MMboe of contingent resources (independently certified) associated with the field.
This is the first well to be drilled following the acquisition of 3D seismic over the Sinphuhorm field, which has proved to be a valuable tool in identifying the areas of productive reservoir and will be used to identify further upside elsewhere across the field area."
This confirms that the EIA is having a big impact in GoT plays.
"
Environmental Impact Assessment ("EIA") Update
Salamander's EIA application for exploration drilling locations in block G4/50 has still to be approved. The oil spill that occurred elsewhere in the Gulf of Thailand in July has understandably impacted the EIA approval process and the lessons learned from this incident will now need to be reflected in an updated Oil Spill Response Plan. We will resubmit the EIA application once this work has been completed. "