🕐28.09.10 - 03:27 Uhr
Kairiki Energy - Tindalo Operations Update
ASX Announcement
27 September 2010
Tindalo Operations Update
Please refer below to the ASX release of Nido Petroleum Limited, SC 54A
Operator, that was released on the afternoon of Monday 27 September for
further details.
Nido Petroleum Limited (Nido), as Operator of Service Contract 54A (SC
54A), is pleased to advise that the Tindalo sidetrack programme has been
completed and Tindalo-1ST1 is now online.
The productivity will be tested
over the coming days.
The following can be confirmed since the previous operations update on 21
September:
* the original Tindalo-1 vertical well bore has been plugged back and a
sidetrack has been successfully drilled and completed barefoot to a total
depth of 1820 metres (measured depth);
* the new sidetrack was drilled to the south-southwest of the original
Tindalo-1 well and has intersected approximately 180 metres of reservoir
within the top 50 metres of the oil column, giving some 120 metres of near
horizontal producing section;
* the production completion, including the downhole electric submersible
pump, has been re-installed;
* stimulation of the reservoir using acid is common in this type of
carbonate reservoir to enhance productivity and has been completed on the
sidetrack using a coil tubing unit.
Coiled tubing units allow for precise
placement of the acid within the well at low pressures maximising the
effectiveness of the treatment; and
* Tindalo-1ST1 is currently flowing oil to surface to clean up the well and
determine any further acid stimulation requirements.
Commenting on the activity, Nidos Deputy Managing Director, Ms.
Joanne
Williams, said, "I am pleased to report that the sidetrack programme has
been completed and we are back online.
Tindalo-1ST1 will greatly improve
access to the oil zone and continued Extended Well Testing over the coming
days and weeks should confirm the intermediate and longer term production
potential of this new well bore."
Nido will provide a further update on the progress the in-field operations
this week once the analysis of the initial flow testing of the sidetrack
has been completed.
To read the full announcement please click here.
http://www.stocknessmonster.com/news-item?S=NDO&E=ASX&N=506760
For more information please contact:
Dr Mark Fenton
Managing Director
Kairiki Energy Limited
Tel: 61 (8) 9388 6711
James Harris
Professional Public Relations
Tel: 61 (8) 9388 0944
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