Pryme Energy Limited (Pryme) provides the following update on the latest info about its second well, Deshotels 13H No. 1 well at its Turner Bayou project in Avoyelles.
A coiled tubing completion rig has successfully milled out the actuating balls and port seats in the horizontal liner and the liner has been perforated to make the connection to the oil and natural gas fractures encountered while drilling.
Flow testing has commenced and it is expected that the initial oil and natural gas production results will be available for announcement to the market next week.
The Turner Bayou project is a significant part of Pryme’s exploration portfolio and comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are the Austin Chalk formation at 15,300 feet and the Eagle Ford formation at 16,000 feet.
Deshotels 13H No.1 (40% Working Interest / 30% NRI)