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Announcement to ASX 4th October 2017 Dempsey Gas Well -...

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    Announcement to ASX 4th October 2017

    Dempsey Gas Well - Operations Update

    Sacgasco Limited (ASX: SGC) advises that Paul Graham Drilling Rig 9 and associated equipment continues to be moved off the Dempsey 1-15 well location to make way for a more appropriately sized and cost effective completions rig to carry out extensive testing. Paul Graham Rig 3 has been selected for the planned completion and testing program.

    The timing of the components of the program will be the result of the ongoing detailed logistical co-ordination of the rig and services, interfaced with delivery, assembly and running of high pressure (10,000 psi rated) completion equipment necessary for the safe conduct of the planned tests. The testing is being planned around tubing conveyed perforating equipment that is expected to provide deep “1 metre plus” penetration into the multiple potential gas reservoir zones.

    The casing perforations for the first reservoir flow test are anticipated to take place towards the end of October 2017.

    The adjacent JV owned meter station is being readied for gas flows from the Dempsey well.
 
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