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PVR - Providence Resources
Greatfull Dead - Sat, 22 Oct 05 :
Herm part of PVR's RNS on Aje 3.
To me it says it all.
"Having successfully fulfilled its geological objectives, the Aje-3 appraisal well will be plugged and abandoned," it added.
It found hydrocarbons in the two other holes, Aje-1 and Aje-2.
"The Aje-3 appraisal well has provided considerable valuable information to progress our understanding of the Aje field. Providence looks forward to reviewing updated reservoir models of the field in the coming months with a view to further appraisal drilling in 2006," said chief executive Tony O'Reilly Jnr.
I add - I think the next drills at Aje will be for producing wells. Lundin will be working on the most economical means of extraction, oil, gas & condensade for the field on a Time Basis. They don't want to get gas first. Oil I would say for export and gas flaring off initially. Let the infastructure ashore be to inplace to recieve the gas and condensate 1st.
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