MCF Energy Update of Drilling Operations on the Kinsau-1A Well in Germany
Background
The Kinsau-1A drilling project is a re-entry and redrill of the Kinsau-1 discovery well, originally drilled in 1983 by Mobil, which produced impressive test results of over 24 million cubic feet (MMCF) of gas and condensate per day. Mobil drilled the Kinsau-1 well to a depth of 3940 metres, where it encountered basement rocks. Gas and condensate indications were found within the Jurassic Purbeck Formation at 3,179 metres. The well was completed by stimulating it with acid and tested over a 22.5-metre perforated interval. The entire well test took 3.5 months to complete. A variable rate test was conducted on
Operational Update
After reaching a depth of 3022 meters on
The section drilled between 7 and 15 meters per hour, and the Purbeck interval was identified at the expected depth using recovered samples. Good shows of hydrocarbons were identified and there was some oil seen on the mud pits. Drilling continued into the Malm which was identified at the expected depth. The well appears to have gained about 4 to 6 meters of structural elevation to the Mobil Kinsau -1 well. The well reached total depth of 3310 meters. Well logging activities are currently being conducted. Formation tops will be revised after logs are run.
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Forward-Looking Information
This press release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable securities laws relating to the Company's plans and other aspects of our anticipated future operations, management focus, strategies, financial, operating and production results, industry conditions, commodity prices and business opportunities. In addition, and without limiting the generality of the foregoing, this press release contains forward-looking information regarding the anticipated timing of development plans and resource potential with respect to the Company's right to assets in
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Abbreviations: |
|
|
|
Bcf |
billion cubic feet |
Bcfe |
billion cubic feet of natural gas equivalent |
Bbl |
barrels |
Boe |
barrels of oil equivalent |
M |
thousand |
MM |
million |
MMbbls |
million barrels of oil |
MMBOE |
million barrels of oil equivalent |
MMBC |
million barrels of condensate |
MMcf |
million cubic feet of natural gas |
Mcfe |
thousand cubic feet of natural gas equivalent |
MCFD |
thousand cubic feet per day |
MMCFD |
million cubic feet per day |
MMcfe/d |
million cubic feet equivalent per day |
Tcf |
trillion cubic feet |
Km2 |
square kilometers |
€ |
Euros |
SOURCE