In a joint statement made by the company, and partner Carnarvon Petroleum Ltd, clean-up operations are expected to shortly commence in early May; with chemical and/or enzyme washes will be used to remove remnant drilling mud and filter cake, a common occurrence with wells of this type.
Wells N7 and N8 have intersected a combined 500 metres of net pay and confirmed the presence of oil.
According to Carnarvon company secretary Trevor Irwin, “The Operator anticipates that the well clean up operation will take two to three weeks and the wells will be back on production by end of May.”
“Pacific Tiger has reported that N8 has had variable results on production testing, initially ranging from 100 to 250 bopd. N7 continues to clog when put on pump and has yet to produce commercial amounts of oil but, as with N8, it should be a producer once cleaned of mud.”
“Any increase in production from clean-up activities will further improve cash flow. The Joint Venture is already cash-flow positive,” added Irwin.
Pacific Tiger holds a 60% stake in the venture. Carnarvon holds the remaining 40%.