PetroHungaria Tests Positive Rates at Peneszlek Gas Well

Leni Gas & Oil reported that PetroHungaria kft (LGO 7.27%) has completed the testing of the Pen-105 gas well in the Penészlek Development Area of Eastern Hungary. The gas rates achieved and the reserves associated with Pen-105 were substantially higher than pre-drill estimates.

The Pen-105 well which was an appraisal of the Pen-12 discovery was drilled to a total depth of 1,487m and has now been completed in the tuffaceous Miocene reservoirs as a production well. Three intervals were tested in the target formation, such that 9 metres of reservoir were perforated. All three zones flowed gas (two with condensate), with no formation water. The productive reservoir found is substantially thicker than at the Pen-12 discovery well and mean resources have increased from the pre-drill estimate of 1.46 bcf. The mean recoverable reserves shall be announced in due course within an updated resources restatement.

The pipeline has been planned with an application for a construction permit submitted and approval is expected by the end of November.

Production from the well is due to commence in early 2010. The Pen-105 well is located approximately 6 kilometres west south west of the current Pen-104 gas production well.
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
 
Field Specialist
Expertise: Field Development|Field Service Tech
Location: Dickinson, ND
 
Field Technician Intern
Expertise: Field Development
Location: Charlotte, NC
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours