Huinga 1b no news is good news?, page-4

  1. 2,070 Posts.
    The last report was AWE's from last Wednesday at 0600 NZ time, which is nearly 3 days ago now. They are advising this will take time, but oil flowing will excite the market. Should be a good buy opportunity Monday morning prior to announcement report.

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Australian Worldwide Exploration Limited, on behalf of its
    wholly-owned subsidiary, AWE New Zealand Pty Limited, ("AWE"), advises that production testing operations are in progress at the Huinga-1B oil discovery. As at 0600 hours on 28 August, swabbing
    operations were continuing. Equipment and materials are being prepared for acidising the Kapuni Formation zone, which should occur within the next couple of days.

    For safety reasons, testing operations are currently being conducted during daylight hours.

    During the last week the wireline cable and the safety plug in the tubing were successfully retrieved and the well has been swabbed to encourage both the Murihiku and Kapuni Formations to flow. So far only completion fluid, drilling mud and filtrate have been recovered
    with minor quantities of gas. This is consistent with expectations, given the fracture zones have been cemented after running casing and large volumes of mud and lost circulation material were lost into
    them during drilling operations. It is now planned to perform an acid wash, first on the Kapuni Formation, to remove cement and any lost circulation material that is impeding flow, and allow cleanup of the formation at higher flow rates. After the clean-up phase, the Kapuni
    Formation will be flow tested separately over periods of several days before cleanup and testing of the overlying Murihiku Formation takes place.

    The testing programme will involve several short-term tests in which the well will be flowed for several days and shut-in for similar periods to collect reservoir pressure information. These will be followed by longer-term tests designed to evaluate the productivity
    and size of the oil accumulation. The well has been designed so that both zones can also be tested separately.

    If initial testing is positive, the total test period may take in excess of 80 days.
 
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