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Drilling Ops Completed at Petrolia's Bourque Well

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Pétrolia announced that the drilling of the Bourque 2 well has been completed. This well, which reached a total depth of 8,793 feet (2,680 meters), has revealed the existence of two zones, of approximately 984 feet (300 meters) thick each, displaying reservoir characteristics. Two of the three drill-stem tests that were carried out recovered gas and condensates. The well has been temporarily suspended in order to complete detailed analyses and to identify the appropriate tests that should be conducted.

In the shallowest interval, the drilling confirmed the existence of a fractured zone 1,066 feet (325 meters) thick, already identified at Bourque 1 well. The preliminary results from the Bourque 2 well are very encouraging, since they suggest that hydrocarbon-saturated open fracture networks extend for a distance of over 1.2 miles (2 kilometers) between the Bourque 1 well and Bourque 2. The regional geological context suggests that these fracture networks cover a much larger area, since the fracture zones are associated with the Northwest Arm regional fault, which extends eastwards for more than 37 miles (60 kilometers). Therefore this fractured zone could extend eastwards along a corridor, on either side.

In the deepest section of the well, the logs and the drill-stem test show a 270-metre-thick hydrocarbon-saturated zone, with low permeability and low primary porosity. During the operations, we recovered an 59 feet (18 meters) core sample, as well as several sidewall cores. These core samples are now being analyzed in laboratory. These analyses are essential for determining what type of tests will be conducted. The tests will be carried out on both the Bourque 1 and Bourque 2 wells.

The drilling equipment is gradually being moved to the Haldimand 4 site, located in Gaspé.

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