Incremental yesterday told the ASX that the program would re-enter six of the Selmo wells and perform a horizontal completion targeting a much more substantial exposure to the reservoir in each well.
The anticipated duration of the program, which was part of the continuous field enhancement strategy, would be about three months.
The first activity involved the setting of cement plugs at the top of the reservoir in each of the existing vertical wells.
Incremental said it expected initial flow rates would require testing and time for stabilisation and, accordingly, it did not anticipate announcing results for each individual completion until stabilised flow rates had been achieved and were known.
The program had been facilitated by the purchase of a drilling rig suitable for field operations at a cost of $US1.3 million, with current savings against a contracted rig rate of about $US4300 per day.
Company chairman Chris Cronin said operations in the field were very satisfactory and the company continued to enjoy the financial benefits from steady production at high oil prices.
