Cue Energy Announces Palm Valley 12 Drilling Update

Source: www.gulfoilandgas.com 7/5/2022, Location: Not categorized

The Palm Valley 12 (PV12) well in OL3, southwest of Alice Springs in the Northern Territory, was at a depth of 2,335m in the P4 unit of the Pacoota Formation as of 0600 hours ACST on July 4, 2022, according to Central Petroleum Limited ("Central") (CTP).

Drilling progressed 57m during the week and a series of flow and pressure tests were undertaken to provide an estimate of the formation pressure within the P2 and P3 units of the Pacoota Formation. These tests were performed prior to setting a cement plug in the lower P2 section to cure the loss zone. This work has now been completed and mud drilling through the P4 unit commenced. Improved rates of penetration are expected once the remaining 95m of the P4 unit have been drilled.

The PV12 well has two alternate objectives. The primary deep gas exploration target is the Arumbera Sandstone at an anticipated depth of 3,560m. Alternatively, if the deep exploration target is not successful, a shallower gas appraisal lateral will be drilled in the currently producing P1 formation with the potential to become a production well.

The PV12 well is the first of a 2-well drilling program that also includes the Dingo-5 exploration / production well. Both wells are being drilled under joint ventures between Central (50% interest), New Zealand Oil & Gas Limited (“NZOG”) (ASX: NZO) (35% interest) and Cue Energy Resources Limited (“Cue”) (CUE) (15% interest) and are scheduled to be completed this year.


Norway >>  8/15/2022 - The Norwegian Petroleum Directorate (NPD) has granted PGNiG Norway Upstream AS drilling permit for well 6608/1-1 S, cf. Section 13 of the Resource Man...
Norway >>  8/12/2022 - Aker BP ASA, operator of production licence 941, has concluded the drilling of wildcat well 6507/3-15.

The well was drilled about 14 km nor...


Australia >>  8/9/2022 - Central Petroleum Limited (“Central”) advises that as at 0600 hrs ACST on 8 August 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Spr...
Norway >>  8/9/2022 - The Petroleum Safety Authority Norway has given Equinor consent for exploration drilling in block 6507/8 in the Norwegian Sea.

Operator: E...


Guyana >>  8/5/2022 - The drilling of the Beebei-Potaro exploratory well, located in the Kanuku licence, off the coast of Guyana, has been finished, according to Tullow Oil...
Australia >>  8/4/2022 - - 21 stages were stimulated, which is the greatest number of stimulation stages in a single well in the Beetaloo to date
- Delivered 927m of st...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.