Victoria Oil & Gas PLC Successful Flow Tests & First Production Gas (7610R)
September 26 2017 - 2:00AM
UK Regulatory
TIDMVOG
RNS Number : 7610R
Victoria Oil & Gas PLC
26 September 2017
26 September 2017
Victoria Oil & Gas Plc
("VOG" or "the Company")
Successful Flow Tests and First Production Gas from Logbaba Well
La-107
-- Well La-107 has been completed and classified as production well
-- Testing of the well has been completed with a maximum flowrate of
o 54 mmscf/d maximum flowrate through a 70/64(ths) inch
choke
o 146mmscf/d Absolute Open Flow ("AOF") potential
-- Well now connected to Logbaba Gas Processing Plant and first
gas flowed to the Processing Plant 22 September 2017
-- Drilling rig skidded back to La-108 and operations to side
track this well have commenced-completion scheduled for Q4 2017
Following the drilling update of 17 August 2017, Victoria Oil
& Gas Plc is pleased to announce successful flow tests and
first production gas from the Logbaba La-107 well. The well reached
target depth of 3,180m, the base of the Logbaba Formation,
encountering a total of 58m of net gas bearing sands in the Upper
and Lower Logbaba Formations.
Following the installation of the production completion and
production tree, La-107 was perforated and flow tested to a maximum
rate of 54 mmscf/d on a 70/64(ths) inch choke, with a stabilised
flowing wellhead pressure of 2,951psig. The multi-rate test results
indicate that the well has an AOF potential of 146mmscf/d; this is
considerably better than expected and compares very well to La-105
which had an initial AOF of 89mmscf/d.
After conducting clean up and flow testing operations the well
was connected to the Logbaba Gas Processing Plant and first gas
flowed to the processing plant for sales on 22 September 2017.
The drilling rig was released from La-107 on 3 September 2017
and skidded to La-108 to resume drilling operations on that well.
Following procedures to re-enter the well, side-track operations
commenced on La-108 on 10 September 2017. The side-track is planned
to re-drill the 8 1/2 " hole section which was previously lost,
where more than 100m of net gas-bearing sands were encountered at
intervals between the top of the Logbaba Formation at 2,107m MD and
2,760m MD.
The combined testing and drilling operations on both La-107 and
La-108 were planned and conducted under industry recognized
Simultaneous Operations Procedures (SIMOPs) to ensure a safe,
efficient and successful outcome of a complex operation.
Ahmet Dik, VOG CEO said, "These flow tests exceeded our
expectations and La-107 is considered a production well. We can now
move to finalise long term gas supply contracts with high volume
customers. Our next task is the safe and successful completion of
the La-108 side track and to capture as much as the 100m of sands
in that well as possible. These wells have been difficult and
expensive to drill and the La-107 success is a credit to our
operations and drilling teams."
The Board is pleased to confirm that the Company`s Interim
Accounts will be released on, or before, 30 September 2017.
Sam Metcalfe, the Company's Subsurface Manager has reviewed and
approved the technical information contained in this
announcement.
This announcement contains inside information.
For further information, please visit www.victoriaoilandgas.com
or contact:
Victoria Oil & Gas Plc
Kevin Foo / Laurence Read Tel: +44 (0) 20 7921 8820
Strand Hanson Limited
Rory Murphy / Angela Hallett / Stuart Faulkner Tel: +44 (0) 20 7409 3494
Shore Capital Stockbrokers Limited (Joint Broker)
Mark Percy / Toby Gibbs (corporate finance) Tel: +44 (0) 207 408 4090
Jerry Keen (corporate broking)
FirstEnergy Capital LLP (Joint Broker)
Jonathan Wright / David van Erp Tel: +44 (0) 207 448 0200
Camarco (Financial PR)
Billy Clegg Tel: +44 (0) 203 757 4983
Nick Hennis Tel: +44 (0) 203 781 8330
This information is provided by RNS
The company news service from the London Stock Exchange
END
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