Empire Energy has announced a Beetaloo operations update. Carpentaria-5H ('C-5H') commenced drilling November 16. C-5H is designed to deliver higher gas production rates than previous wells and, subject to approvals, sale of gas into the NT local market.
- Carpentaria-5H ('C-5H') commenced drilling at 9.30am NT time on Saturday 16th November
- C-5H is expected to take approximately 45 days to drill and case
- C-5H is being drilled by the Ensign Rig #965 and will form part of the Carpentaria Pilot Project
- C-5H is designed to deliver higher gas production rates than previous wells and, subject to approvals, sale of gas into the NT local market
- After rig release C-5H will be hydraulically stimulated
- Cash at bank is $34 million
Comments from Managing Director Alex Underwood:
'Empire has now reached the execution phase of our Carpentaria-5H operations.
This is an important milestone for our company and the Beetaloo Basin generally.
This well will be our first full-scale pilot development well, incorporating learning from the four wells that have previously been drilled successfully in EP187. The well design incorporates a larger well bore diameter targeting a 3,000m drilled and cased horizontal section. The larger well bore diameter will allow Empire to increase stimulation horsepower, proppant concentration and water concentration, with a goal of producing higher gas flow rates than in previous wells.
Our planning for the installation of the Carpentaria Gas Plant is progressing with a goal of commencing the sale of gas from EP187 in 2025.
We look forward to updating shareholders as drilling operations continue.'
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Source: Empire Energy
