David Bramhill, Executive Chairman of Union Jack, commented:
"The initial results of the West Newton A-2 appraisal well exceed our expectations. The most important aspect of this drilling exercise is that the operation was undertaken in a safe and competent manner by the operator. We rank the West Newton project very highly and look forward to the results of testing during 3Q19. These encouraging results suggest to us that the West Newton project has the potential to achieve our goal of transforming Union Jack from a junior exploration and production company into a self-sustaining mid-tier hydrocarbon producer".
Drilling and Results Summary
The West Newton A-2 well was spudded on 26 April 2019 and on 9 June 2019 reached a total depth (TD) of 2061 m. 28 m of core has been successfully extracted from the primary target, the Kirkham Abbey formation and all planned logging operations have been completed.
A net 65 m hydrocarbon saturated interval has been encountered from within the Kirkham Abbey formation indicating a substantial hydrocarbon accumulation, including a significant liquids component.
Drilling operations have now concluded, and production casing has been run in preparation for testing of this extended interval, for which planning consent has been received. The proposed extended well test will establish flow rates and will help determine the future drilling and development programme at the West Newton project. Testing is expected to commence in 3Q19.
The initial petrophysical data obtained from the West Newton A-2 well correlates positively with the results from the West Newton A-1 conventional discovery well. Prior to the drilling of the West Newton A-2 well, a Competent Person`s Report compiled by Deloitte, had a Best Estimate Contingent Resource of 189 billion ft3 of gas equivalent. Volume expectations will initially be updated following further core and log analysis, then again following the extended well test.
The well also encountered hydrocarbon shows within the deeper Cadeby formation, a secondary target. The intersection is consistent with the West Newton A-1 well from which an oil saturated core was recovered. The formation is planned to be intersected in the future from the West Newton-B well location, where optimal reservoir development is expected, and planning permission is already in place.
Read the article online at: https://www.oilfieldtechnology.com/exploration/17062019/union-jack-oil-announces-gas-discovery-in-west-newton-uk/
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