Welder results next week says FAR

RESULTS are expected by the end of next week from the Welder Ranch Vaquero-1 gas well in Victoria County, Texas, First Australian Resources Ltd reports.
Welder results next week says FAR Welder results next week says FAR Welder results next week says FAR Welder results next week says FAR Welder results next week says FAR

Completion operations continue at the well to evaluate and test several zones of interest between 9,000ft and 14,000ft.

Dune Energy has also advised that completion operations have started in Vaquero-2 at a depth above 12,440ft.

Vaquero-2 well is the second in FAR’s Welder Ranch program using Nabors Drilling Land Rig 520. It was drilled as an offset to the recently completed Esenjay Bell-4 (in which FAR has no interest), about 1,200ft north.

Until the results of production testing are known, it is not possible to determine the potential of either the Vaquero-1 or 2.

The company has also agreed to completing the lower C Sand in the SL 328-2 ST well at the Lake Long Field, Lafourche Parish, South Louisiana.

This move will increase production above the current 21 bopd from the H Sand.

The lower C Sand is well developed in the second ST well, and is expected to be at virgin pressure because it has not produced.

Meanwhile, the C Sand completion is expected to recover costs within 18 days based on anticipated flow rates up to 1.5 million cfpd.

FAR holds a 9% working interest in Vaquero-1 and 2 and 12.625% in the SL 328-2 ST well, Lake Long Field.

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