TSXV:CART.H - Post by User
Post by
nozzpackon May 15, 2022 8:04am
143 Views
Post# 34684664
Stanisvke Seismics
Stanisvke Seismics 20 line kilometres of 2D seismic were completed on the Stanivske field in 2012 and in 2013, $2.1 million US was budgeted for 3D seismics for RK and Stanisvke
Those were carried out at least for RK to guide their 2 well drilling program and two wells were also planned to be drilled in Stanisvke in early 2014, presumably using the 3D Seismics.
In 2014: TSHTF when war broke out in Eastern Ukraine, royalty rates were raised, gas prices declined and little if any capex or exlorations were spent on RK since then ,and the other two properties.
Having newly acquired and presumably 3D for Stanisvke will enable better delineation drilling results.
Along with modern completion technologies, re entry, casing and completion of the historically drilled 10 wells could result in higher IP production outcomes as well as .