Thursday, August 11, 2005
Austral Pacific Energy Ltd.
Austral Pacific Energy Ltd.: "Wellington, New Zealand - August 11, 2005 --/PRNewswire/-- Austral Pacific Energy Ltd. (TSXV and NZSX: APX; AMEX : AEN)
Supplejack-1 Well
The Supplejack-1 well in PEP 38741 (Austral : 30%, operator) is now being prepared for casing over two test zones, which will be flow tested in the coming weeks. The well was drilled to an along hole TD of 2570m (8,432 feet), and encountered two potential pay zones near 1950m (6,400 feet) and 1350m (4,400 feet). Electric logs indicate that the lower zone might flow oil at a modest rate; while gas flow is likely from the upper zone. Initial testing of the lower zone will proceed to oil production if successful, or if not then testing of the upper zone will be conducted, with gas being linked to nearby pipeline or used for onsite electricity generation in the event of success."
Supplejack-1 Well
The Supplejack-1 well in PEP 38741 (Austral : 30%, operator) is now being prepared for casing over two test zones, which will be flow tested in the coming weeks. The well was drilled to an along hole TD of 2570m (8,432 feet), and encountered two potential pay zones near 1950m (6,400 feet) and 1350m (4,400 feet). Electric logs indicate that the lower zone might flow oil at a modest rate; while gas flow is likely from the upper zone. Initial testing of the lower zone will proceed to oil production if successful, or if not then testing of the upper zone will be conducted, with gas being linked to nearby pipeline or used for onsite electricity generation in the event of success."
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