Antrim Drills Two Additional Gas Wells in Argentina
Antrim Energy Inc. announced that it has drilled and cased two more Springhill gas wells in Tierra del Fuego, Argentina. These two wells are in addition to the eight successful Springhill wells already drilled and cased in Tierra del Fuego to date this year.
Antrim's working interest in the Tierra del Fuego concession is 25.78%.
The two new wells targeted the Los Flamencos gas field’s northwestern flank, where the LF-1005 appraisal well tested eight mmcuft/d from seven meters of Springhill reservoir in December 2006. The first well, LF-1011, was drilled 1150 meters to the East South East and 34 meters structurally higher to well LF-1005 and encountered 13 meters of gas pay. The second, LF-1010, was drilled 1320 meters due west of LF-1005 and found the Springhill reservoir 38 meters structurally lower, with 16 meters of net pay in good quality sandstone.
Reservoir quality in both wells is similar to that originally encountered in well LF-1005, but thicker pays could lead to higher test rates and, along with an uninterrupted gas column, substantially increase the reserve potential of the Los Flamencos structure.
These two wells have proven to date an 88 meter gas column on this structure; no oil or water leg has yet been encountered. Both of these wells will be completed after the AS-1001 exploration well is tested, which is expected at a later date. The drilling rig is now being moved to drill two locations offsetting LV-110, the Springhill oil well drilled earlier this year.
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