"The significance of the overall reported gas pays to date will be known in the next few days," Australian partner Sun Resources said in a statement.
"At this stage some of these pays should flow significant gas on testing in the near future. As an example the wireline test of the K-15 sand recovered 29 cubic feet of gas in the sample chamber which indicates it will flow gas prior to stimulation."
The partners said the BG Webb-1 well in Texas has continued to drill through alternating white sandstones and grey shales, with most of these having gas shows, the majority with coincident drilling breaks (rapid increase in drill penetration rate).
“Drilling breaks are indicative of higher porosity relative to the immediately overlaying rocks. Mud weight (drilling fluid density) is at 14.1 ppg (pounds per gallon) at present,” said a drilling report.
The gas shows confirm the presence of a gas in the target “J” sands but the significance of these shows will not be known until wireline logs are interpreted and testing carried out, said partner VicPet.
The initial Flour Bluff Gas Development Project program calls for a minimum 3 well exploration drilling program targeting multiple sand reservoirs as well as field development activity of a recompletion/work over program on 4 wells from February 2005 to June 2005.
BG Webb-1 is the first well in the exploration and development program aiming to significantly increase production and to enlarge the current Flour Bluff Gas Field 92.5 BCF (billion cubic feet) Proved, Probable, Possible reserve base to an estimated potential 300 BCF from multiple gas bearing sands between 1,980 and 3,500 metres in the large regional structure that underlies the Flour Bluff Gas Field leasehold lands.
Australian partners are Victoria Petroleum, Sun Resources and Tony Barlow each with a 12.5% working interest.
