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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: HotnSpicy who wrote (10627)	8/15/2005 12:17:38 PM
From: Cal Gary	Read Replies (1) \| Respond to of 24921

Can anyone comment about water in a CBM well? How to define what is minor, neutral or impact? Anywhere online that talks about steps and processes to bring a CBM well into production (and dewatering). Thanks. Princeton Late in 2004, Petrobank drilled an exploratory coal-bed-methane (CBM) well in the Princeton basin of British Columbia. Petrobank, as operator, holds a 60-per-cent working interest in this unique land position. Petrobank and its partners own the petroleum and natural gas rights (including CBM) as well as the coal rights over the entire basin, totalling 38,000 acres, excluding the Princeton townsite. The exploratory well confirmed Petrobank's previous geological interpretation and encountered thick coals containing high gas saturations. In conjunction with the company's partners and independent experts, considerable effort has been made to evaluate and apply the most effective stimulation technique for this initial well. After completion and fracture treatment, the well flowed free methane with only minor amounts of fresh water, indicating that the coal was fully gas-saturated and would probably not require an extended dewatering period. The company's near-term efforts will be focused on refining the techniques for drilling and completion that will improve gas production rates as it moves this project closer to commerciality. Petrobank is extremely encouraged by the results of this first well into a new CBM basin, and it believes it is well-advanced on the timeline from exploration concept to commercial project. From PetroBank's Q2