Swift Energy Flows Gas from Kauri Exploration Well

Swift Energy Company says its Kauri-A4 well in PEP 38719 onshore south Taranaki in New Zealand has tested natural gas at up to 4.8 million cubic feet per day (mmcf/d) and 202 barrels of condensate per day from Kauri sands following fracture stimulation.

The company says Kauri-A4 continues to clean up on a 24/64-inch choke with 1258 psi flowing tubing pressure. The well is currently shut in undergoing bottom hole pressure build up tests.

Late last year when the well was drilled, Swift Energy reported Kauri-A4 flowed naturally at about 2.1 mmscf equivalent per day.

Work is progressing on a pipeline to connect the Kauri-A4 well to the Rimu production station to begin long-term production, probably in the third quarter 2003.

The Kauri-F1 well, currently undergoing production testing of the shallow Manutahi sands, flowed naturally for three weeks. Plans call for the installation of a pumping unit at the well.

Plans are also underway to drill one or more additional tests in 2003 targeting the Kauri sands.

Swift Energy also plans to drill its first well this year in the Tawa prospect and/or Matai prospect at the northwest end of the PEP 38719 permit. The Tawa prospect is a stratigraphic trap containing Kauri sands, Tariki sandstones and Kapuni sands. Matai is a structural trap containing Urenui and Moki sandstones.