EXPLORATION

Amity gets flow from Whicher

Amity Oil looks to have started the New Year on the right note after flowing gas from the embattl...

Although the flow was only at a rate of 0.27 million cubic feet per day the announcement sparked renewed interest in the company, pushing shares up seven cents to 89 cents on Wednesday before sliding back to 85 cents.

It is still too early to get a proper production test result and gas needs to flow at an estimated seven to eight million cubic feet per day to be considered commercial.

However, once again the company encountered drilling difficulties with the drill string becoming stuck after a cave-in.

The company performed a mechanical back-off of the drill string above the stuck point and displaced well to KCL fluids to assist in removing pipe and sediment build-up.

It circulated fluids in the well and cleaned out the hole above fish; pulled out of the hole and attached jars and ran back in the hole; and re-engaged stuck drill pipe and began jarring to free stuck pipe.

Amity intends to continue attempts to free the pipe over the next 24 hours.

The Whicher Range gas field is located onshore, 200km south of Perth and 22km south of Busselton.

Amity owns 47.96% and is operator while Korea National Oil Corporation owns 20%, Seoul City Gas Company 15% and GeoPetro Resources Company 17.04%.

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