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

To: Kerm Yerman who wrote (6345)	4/28/1999 9:11:00 AM
From: oilmaster	Respond to of 24892

BelAir completes flow testing of Kakwa well BelAir Energy Corp BGY Shares issued 46,977,153 Apr 27 close $0.28 Tue 27 Apr 99 News Release Mr. Vic Luhowy reports The preliminary flow testing of the Kakwa exploratory well, AEC et al Kakwa 15-33-61-5 W6M, has been completed. On a 93 hour single rate flow test, the well flowed at a stabilized, restricted rate of approximately 15 million cubic feet a day on a 5/16 inch choke. Flowing tubing pressure was 7,500 psig. Based on normal flow line pressures, BelAir estimates that the well is capable of rates in excess of 30 mmcf/d. The well has not been stimulated. The need for and the type of stimulation treatment required to increase rates even further will be determined from the analysis of the flow test and pressure buildup. The operator is planning to place the well on production by constructing a short 600 metre tie in. Due to the limited capacity of the gathering system, the well will be flowed at restricted rates. The production data and subsequent reservoir pressure analysis will determine productive capability of the well and the extent of the reserves in the pool. Based on this data, the operator will finalize various options to construct a high capacity system in order to produce this and any subsequently drilled wells at their productive capabilities. BelAir has a 5 per cent working interest in the discovery well and the surrounding seven sections of land. BelAir exited 1998 with production of 1,000 barrels of oil equivalent a day. (c) Copyright 1999 Canjex Publishing Ltd Oilmaster