Testing of NG Energy’s (TSXV: GASX) Brujo-1x well, which previously was indicated to have hit 783 feet (238 metres) of net gas pay, has been completed. The well was first spud in September, under an arrangement with CleanEnergy Resources.
A total of four drill stem tests were conduct on the well, with three said to be successful in the intermediate and upper section of Cienaga de Oro formation. 276.5 feet of the formation was perforated for gas production, with DST-2 testing at 11.2 MMscf/d, DST-3 testing at 18.2 MMscf/d and DST-4 testing at 21.2 MMscf/d, for a total of 50.6 MMscf/d across the three areas.
“After the successful results of Magico-1X well, we are very excited about these new results with the Brujo-1X in SN-9 block identifying a new area with greater exploration potential. Back-to-back success of this magnitude brings the Company a step closer to delineating a new prolific field in the Lower Magdalena basin,” commented CEO Serafino Iacono.
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NG Energy and CleanEnergy will now analyze the best method for completion and to test the remaining prospective zones, which is said to include 103 feet of the Porquero formation. Current regulatory requirements do not permit the production of gas from all three wells simultaneously.
READ: Canaccord: NG Energy Has “One Of The Largest Onshore Discoveries From The Last Few Years”
No water was said to have been produced from any of the four drill stem tests, with the first test said to not produce any gas, with results considered inconclusive at this time for that particular test.
The company now intends to begin drilling the Hechicero-1X well at the Sinu-9 property, which is to be drilled from the same pad as the Brujo-1X well, with the required approvals already in place.
NG Energy last traded at $0.89 on the TSX Venture.
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