Bow Energy announced the commencement of oil production from the Cuisinier-1 well. Cuisinier-1 is located in ATP 752P (Bow 20%) and located approximately 6 km west of the Santos operated Cook oil field in the Cooper Basin, Queensland. Cuisinier-1 is operated by Santos Ltd.
Production commenced end of May 2010 with the Cuisinier-1 well producing at an initial rate of approximately 340 barrels of oil per day. Regular truck loads of oil are being delivered to the Jackson Petroleum Facility. As at May 31, 2010, approximately 2,000 barrels of oil have been delivered to the Jackson Petroleum Facility. Production is part of a long term production test under ATP 752P.
Cuisinier-1 is the first well drilled on the Cuisinier structure, which is defined by 3D seismic data. The producing interval in Cuisinier-1 is the Murta Sandstone, which is well developed over a 12m interval from 1,632m – 1,634m. Cuisinier-1 is also located 6 km to the west of the Santos operated Cook oil field. The Cook oil field produces from the underlying prolific Hutton Sandstone reservoir, which could also be prospective in separate culminations of the Cuisinier structure.
Commenting on Cuisinier's first production, Bow's CEO John De Stefani said, "We are pleased with the sustained oil production rate from this first well and are currently planning further appraisal and development in the Cuisinier oil discovery.
The first production marks an auspicious moment for Bow as we become an oil producer, with cash flows from which will supplement the company's very promising Bowen and Surat basin coal seam gas projects."
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