Transeuro Energy Corp. (“Transeuro”,
or the “Company”)
and Questerre Energy Corporation (“Questerre”
symbol:QEC) is pleased to announce today their first successful test on
the deeper shales in the Liard Basin, in Northeast British Columbia.
The program consisted of a series of mini-fracs and high pressure acid
stimulations in the existing d-a64-K (A5) well, with the objective of
evaluating the rock properties of the Liard shales and to identify
prospective intervals for a future fracture stimulation programme.
After a minor stimulation, the A5 well flowed sweet dry natural gas at a
stabilized rate of 10 mmcf/d (approximately 1750 boepd) over a three day
test with a wellhead pressure of 3,000 psi. The A-5 well is now being
tied into the local gathering system and production is anticipated
before the end of October pending regulatory approval.
The tested interval in A5 is a brittle layer, rich in dolomite at the
top of a thick sequence of organic rich shale. The appraisal strategy
for the shale is to target the more brittle rock intervals that have
higher carbonate and silica content and are therefore expected to
respond favourably to stimulation. The brittle rocks contain free gas
and may serve as a pathway for the shale gas to enter the well. The
long-term production test is intended to establish how much gas can be
recovered from the surrounding shale through the stimulated layer.
David Worrall, Chief Operating Officer of Transeuro commented, “Industry
experience from other shale gas fields shows that targeting the more
brittle layers of rock, as we have here, can be very effective in
draining gas from the surrounding shales. These initial flowrates are
very strong and indicate an AOF (“Absolute
Open hole Flow rate”) of approximately 40
mmcf/d (approximately 7000 boepd). We expect the rate to decline
initially and are confident it will stabilize at commercial levels.”
A-5 is the third well to be put on production from the shale/siltstone
intervals at Beaver River. These intervals are collectively more than
2,000m thick and for classification purposes have been separated into
three major intervals. Discovered resource is estimated at over 1 Tcf of
gas in place per section based on independent analysis by Netherland,
Sewell & Associates Inc. The two other producing wells, A7 and A2,
produce from the upper and middle intervals respectively. Transeuro has
a 50% interest in 35 sections with take away capacity in place.
Transeuro Energy Corp. is involved in the acquisition of petroleum and
natural gas rights, the exploration for, and development and production
of crude oil, condensate and natural gas. The Company's properties are
located in Canada, Armenia, Ukraine and, through majority ownership in
Eaglewood Energy Inc, in Papua New Guinea.
Transeuro Energy Corp.
David Parry, +1-604-681-3939
dparry@transeuroenergy.com
http://www.transeuroenergy.com
