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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (1566)4/2/2014 10:17:17 AM
From: Goose94Read Replies (1) of 202434
 
PetroFrontier (PFC-V) Apr 2nd 2014 has spudded the first well in its 2014 work plan and budget, and drilling is under way. The Oz-Alpha 1 well is a vertical exploration well located approximately 50 kilometres southwest of the Owen 2 well on exploration permit 104. This is the first of up to five vertical test wells to be drilled as part of the 2014 work plan and budget. All wells will include an extensive open-hole evaluation program, and up to three of the wells will be cased for future hydraulic fracture stimulation and production testing. Statoil Australia Theta BV, PetroFrontier's joint venture partner, and the operator of the 2014 work plan and budget, is progressing the program as approved by the joint operating committee. Procurement of completions and testing services is moving ahead with stimulation, and testing operations expected to commence in the third quarter of 2014.Road and lease construction for the second well, Oz-Beta 1, is also under way and progressing on schedule.
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