By The Turner Bayou project is a significant part of Pryme's exploration portfolio and comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are the Wilcox formation at 12,500 feet, the Austin Chalk at 15,300 feet and the Eagle Ford and Tuscaloosa Marine Shales at 16,000 feet. Pryme has approximately 9,600 net acres within the Turner Bayou project covering all depths representing up to 30 potential drilling locations in the Austin Chalk alone.
Rabalais 35 No.1 (8.8% Working Interest / 6.6% NRI)
The Rabalais 35 No.1 well in the Turner Bayou Chalk project
continues drilling horizontally within the Austin Chalk
formation at a vertical depth of approximately 14,850 feet
(4,525 metres) and a measured depth of 19,793 feet (6,030
metres). Approximately 70% of the planned 7,000 feet (2,130
metres) lateral has been drilled. Drilling of the well
commenced on 10 November and completion is estimated to be
achieved later this month. The targeted total measured depth
is approximately 22,000 feet (6,705 metres). The operator is
Anadarko E & P Company.
"Drilling operations remain on plan," said Ryan Messer,
Pryme's Chief Operating Officer. "Based on the current
drilling rate we expect to reach target depth early next
week."
For further information please contact:
Justin Pettett Ryan Messer Managing Director Chief Operating Officer Pryme Energy Limited Pryme Energy Limited Telephone: +61 7 3371 1103 Telephone: +1 713 401 9806 Website: www.prymeenergy.comASX Code: PYM OTCQX Code: POGLYCompetent Person Statement
The information contained in this announcement has been reviewed by Mr Greg Short, BSc. Geology (Hons), a Director of Pryme who has more than 33 years' experience in the practise of petroleum geology. Mr Short reviewed this announcement and consents to the inclusion of the geological and engineering descriptions and any estimated hydrocarbons in place in the form and context in which they appear. Any resource estimates contained in this report are in accordance with the standard definitions set out by the Society of Petroleum Engineers, further information on which is available at www.spe.org.
Source: Louisiana Department of Natural Resources www.sonris.com
| distribué par | Ce noodl a été diffusé par Pryme Energy Limited et initialement mise en ligne sur le site http://www.prymeenergy.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-03 07:30:30 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| Rabalais 35 No.1 Drilling Update |
