Vintage Energy Ltd (ASX:VEN) Nangwarry Field Update
Nangwarry Field UpdateMelbourne, July 12, 2021 AEST (ABN Newswire) - Vintage Energy Ltd (
ASX:VEN) is pleased to provide an update on the resource estimate of the on-block recoverable carbon dioxide ( CO2 ) sales gas from the Nangwarry Field in the onshore Otway Basin.
- Independent resource estimate confirms sizeable CO2 sales gas resource
- Gross recoverable CO2 best case of 25.9 Bcf (12.9 Bcf net)
- Production test confirmed raw gas flow rates well in excess of commercial requirements
- Joint Venture appoints Vintage as marketing agent to commercialise Nangwarry Field
A revision of the Nangwarry Field recoverable estimates has been conducted by ERC Equipoise Pte Ltd ( ERCE ) following the successful production test of the Nangwarry-1 well.
Vintage Energy Limited (ASX:VEN) Nangwarry Update
ASX:VEN) provides an update on the Nangwarry CO2 field in the onshore Otway Basin.
- Commercial flow rates and mid to high case volumes confirmed by production test
- Resource estimate revision underway
- PRL 249 (ex PEL 155): Retention licence granted over Nangwarry discovery
Nangwarry-1 was perforated across the Top Pretty Hill Formation and produced gas at higher than anticipated flow rates of 10.5-10.8 million standard cubic feet per day ( MMscfd ) through a 48/64 choke at a flowing wellhead pressure of 1,415 psi over a 36-hour period. This flow was measured through a 3 orifice plate and choked back to analyse the well over this extended flow period with stable conditions. The well is very productive, with this flow rate well in excess of previous commercial flow rates in the region.
Vintage Energy Ltd (ASX:VEN) Nangwarry-1 Production Test Update
Nangwarry-1 Production Test UpdateMelbourne, April 7, 2021 AEST (ABN Newswire) - Vintage Energy Ltd (
ASX:VEN) is pleased to provide an update on production testing activities for Nangwarry-1 in the onshore Otway Basin.
- Continued strong CO2 gas flow from Top Pretty Hill Formation
- Measured flow rates well in excess of those required for production purposes
- Downhole gauges gathering pressure data over coming weeks
Neil Gibbins, Vintage Managing Director, said The production test of Nangwarry-1 continues to exceed expectations, with choked back flow rates of approximately 11 million standard cubic feet per day ( MMscfd ) observed during an extended flow period at a relatively stable wellhead pressure of 1,415 psi. The well also delivered rates as high as 22 MMscfd (from choke calculations) over shorter periods.
Australia: Vintage Energy announces highly successful flow from Nangwarry-1 energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.