First New Commercial Reservoir
The newly discovered mid-Barail reservoir was successfully tested through an eight-meter perforation. This new reservoir flowed at a clean-up test rate of approximately 280 bbl/d of condensate and 2.1 mmcf/d of natural gas through a 16/64-inch choke with tubing head pressure of 2,500 psi. This new reservoir, at 200 meters below the Main Barail Sand, has an 11-meter pay zone that is two meters thicker than originally reported. This equates to approximately 630 boe/d.
Second New Commercial Reservoir
A seven meter interval, approximately 10 meters below the base of the Barail Main Sand, was perforated and flowed at approximately 180 bbl/d of condensate and 2.5 mmcf/d of natural gas through a 16/64 inch choke with tubing head pressure of 2,200 psi. This equates to approximately 600 boe/d.
An additional seven-meter interval, approximately 20 meters below the Barail Main Sand, is planned for perforation and testing shortly.
Lastly, we plan to test the previously reported 36-meter known Main Barail sand, with results expected shortly thereafter.
Basal Sandstone and Basement Results
The Basal Sandstone, at approximately 3,900 meters, was tested and flowed non-commercial quantities of natural gas and water.
We are planning the Amguri 12 appraisal location to test what is anticipated to be a structurally higher position in all reservoirs approximately 1,200 meter to the southwest of Amguri 11.
Canoro is a Canadian-based international oil and gas company operating in the Assam/Arakan basin of northeast India. Canoro is the operator of Amguri field with a 60% working interest. Canoro is the operator with a 65% working interest in the AA-ON/7 exploration block. Canoro also has a 15% non-operated working interest in the AA-ONN 2003/2 exploration block.
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