HRT Concludes Drill Stem Test of Well 1-HRT-10-AM

Source: www.gulfoilandgas.com 1/9/2013, Location: South America

HRT Participaçoes em Petroleo S.A announces that its subsidiary, HRT O&G Exploraçao e Produçao de Petroleo Ltda. ("HRT O&G"), has concluded the drill stem test of a cased hole in the Tucuma prospect (1-HRT-192/02-AM), block SOL-T-192, in the Solimoes Basin, of the Amazonas State, on January 7th, 2013 at 1.30 am.

The prospect, located approximately 30 km to the south of the Jurua Field, was tested to identify hydrocarbons in a faulted anticlinal structure in a regional SW-NE oriented structural lineament sub parallel to the Juru? and Tefé gas trend.

Two intervals were selected for the drill stem test, achieving the following results:
a) DST-01: Interval 2,254.0 to 2,260.3 meters - Jurua Formation Lower Member - Reach a stable production rate of 520,456 cubic meters (18,379,737 cubic feet) of natural gas per day, with a choke of 40/64 (The estimated AOF for this test is 1,600,000 cubic meters per day / 56,503,488 cubic feet per day).

b) DST-02: Interval 2,208.0 to 2,217.0 meters - Jurua Formation Lower Member - Reach a production rate of 143,092 cubic meters (5,053,248 cubic feet) of natural gas per day, with a choke of 40/64.

This positive test confirms the existence of a new structural trend in our blocks to the south and southwest of this well said Milton Franke, CEO of HRT O&G.

The drill stem test results, together with the gas findings in wells 1-HRT-5-AM and 1-HRT-9-AM, confirm the gas trend to the south and the potentials for gas in the SOL-T-191 and SOL-T-192 Blocks and open a new exploratory play fairway for SOL-T-214, SOL-T-215 and SOL-T-216 Blocks, where the company has identified several exploratory prospects for future new wells to be drilled.

The presence of a richer liquid bearing gas/condensate identified in the DST’s in a relatively underexplored area of the Basin, reinforces the geological model interpreted for the area, and consolidates the potential for gas in the region and supports the gas monetization project.

HRT is the operator of 21 blocks in the Solimoes Basin, which it is exploring in co-operation with TNK-Brasil.


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