Victory Energy and its partner Aurora Energy have proclaimed that their Nassau #1 well in Jones County has attained a target depth of 5,325 ft and is currently entering the completion phase.
Several drillstem tests (DSTs) and mudlog show the existence of two oil and gas pay zone, which is beyond a width of 50 ft and several other measures, a width between 10 and 20 ft. The significant point of this primary completion is 70 ft oil and gas Pennsylvanian age structure. The company is expecting that the targeted structure would produce both oil and gas.
The well will be examined for production to find out the rate, pressure and gas-to-oil ratio, after the successful completion. Testing will determine the appraisal of the size and type of the production facilities. The evaluation of the gas delivery line is done because of encountering high gas cut during the drilling program.
The company gets a chance from the several pay zone discovery for the additional drilling and development on held land. The company has working interest not less than 1.5% and up to 2.5% for each of the acquired land block, along with the partnership of Aurora Energy.
Source: http://www.vyey.com/