Cirrus Energy Corporation (TSXV: CYR) announces that its wholly owned subsidiary, Cirrus Energy Nederland B.V., has completed testing operations on the Q14-3 exploration well and has subsequently plugged and abandoned the well.
The Q14-3 well appears to have discovered a gas accumulation in the Triassic Volpriehausen reservoir based on hydrocarbon shows during drilling, log results and their subsequent interpretation and RFT data which recovered samples of good quality high calorific gas with pressure data indicating a substantial potential gas column. However, a sustainable flow rate of gas was not achieved during testing despite acid wash and water injection treatments.
The data acquired during the drilling of the well and its testing will now be analysed to attempt to ascertain not only the likely size of the gas accumulation but also the reasons for the absence of flow during testing.
Initial indications are that reservoir formation damage resulted from the substantial volumes of drilling mud lost to the reservoir during drilling.
Partners in the Q14-3 well are EBN B.V. (40%) and TAQA Offshore B.V. (30%) with Cirrus (operator) retaining a 30% interest subsequent to a previously announced farmout agreement with TAQA. -- www.cnxmarketlink.com
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