Gulf Oil and Gas accountACCOUNT

Lion Energy Reports Encouraging Oil & Gas Shows in Amanah Timur-1 Well

Source: www.gulfoilandgas.com 1/10/2017, Location: Asia

Share |
Lion Energy has announced that encouraging gas readings, combined with some oil fluorescence shows have been encountered in the objective '400' sandstone from 80m KB to the midnight depth of 154m KB. On reaching planned total depth of 570m KB, the section will be evaluated with wireline logs and likely production testing to confirm fluid content and reservoir quality. The '400' sandstone is the first of four main objectives in Amanah Timur-1. Lion has a 40.7% interest in the well.

Since the last announcement by Lion on 5 January 2017, 9 5/8Ē casing has been set at approx. 78.5m and the well drilled ahead in 8 1/2Ē hole. The primary objective '400' sandstone was encountered at 80m KB, approx. 29m high to prognosis. Elevated gas was encountered in drilling sandstone dominated section from 80 to 95m KB.

An interbedded shale and sandstone section is interpreted from 95 - 115m KB and from 115m KB to the midnight TD of 154m a predominantly 100% sandstone section has been encountered. High gas readings, with peaks up to 5.4% have been recorded (Gas composition of the peak is C1: 19,495 ppm, C2: 1669 ppm, C3: 1427 ppm, iC4:1036 ppm, nC4: 813 ppm, iC5: 1269 ppm, nC5 240ppm) as well as some oil show in the sandstone (described as less than 5% spotty pale yellow gold to bright yellow fluorescence with some cut and nil to weak oil odour).

The well has an estimated cost of US$1.3 mil (US$0.53 mil net to Lion). This well cost includes provision for up to three production tests. Multiple sandstone reservoirs are being targeted including the shallow objective which had oil production in pre 1930 wells that are in close proximity.

Lionís CEO, Kim Morrison noted 'the elevated gas readings with some oil shows over a 60m section in the shallow objective are very encouraging. We would note wireline log evaluation and production testing will be required to determine fluid content and potential commerciality of the interval. We will continue to keep the market informed of result on this exciting well as we drill the deeper objectives which we hope will continue to exceed our pre-drill expectations.'

Exploration News in Indonesia >>

Brazil >>  9/15/2017 - Concerning recent media articles, Karoon seeks to clarify its current strategy in Brazil. As announced and reported throughout 2017, Karoon is lookin...
Myanmar >>  9/15/2017 - Interra Resources Limited (Interra) is pleased to announce that further to the announcement dated 10 August 2017, its joint venture entity, Goldpetrol...

China >>  9/13/2017 - China National Petroleum Corporation (CNPC) and Eni have signed a cooperation agreement in order to cooperate in oil & gas exploration and production,...
United Kingdom >>  9/11/2017 - The Department of Economic Development has opened a licensing round to select suitably qualified applicants interested in potential hydrocarbon explor...

Iraq >>  9/8/2017 - DNO ASA, the Norwegian oil and gas operator, announced an agreement with ExxonMobil to join the Baeshiqa license in the Kurdistan region of Iraq. ...
Norway >>  9/6/2017 - Not since the APA-scheme was established in 2003 has The Norwegian Ministry of Petroleum and Energy received as many applications as it did in this ye...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Indonesia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

Oil & Gas Projects in Indonesia >>

More News

 

Oil & Gas Companies in Indonesia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.