Empire Oil & Gas (ASX: EGO), on behalf of the EP389 Joint Venture, has reported the initial test results of the Gingin West -1 Well in the Perth Basin, Western Australia.
The Gingin West -1 Well is flowing on a cased hole test from the Top D Sand Cattamarra Coal Measures 7 million standard cubic feet of gas per day (7MMCFGD) from a “choked back well” with a 34/64 inch choke.
The gross interval is 3571-3586.8 metres. The well was perforated using through tubing perforating guns over the interval 3572-3575m.
The well will be further opened up to provide a maximum flow rate upon the local fire brigade being on site this morning.
This is a safety measure to ensure that nearby trees at the end of the flare pit do not catch alight with any increase in flow rates.
The Managing Director, Craig Marshall, stated “Empire is pleased to announce this new top D Sand gas discovery. The company has high equity in the EP 389 Permit which has a trend of similar prospects over 60 kilometres."
"The Block A structure of Gingin West is the next likely drilling candidate to be drilled as a directional well from the same well location as the Gingin West-2 well."
"The company will be evaluating these new data sets and providing further details of the Gingin West-1 gas discovery well as they become available,” he added.
Empire Oil & Gas shares rose 25% to 1 cent this morning.
http://www.proactiveinvestors.com.au/companies/news/6400/empire-oil-gas-shares-rise-on-gingin-west-1-gas-well-discovery-6400.html
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