• The Anshof-3 well has flowed at a maximum rate of 132 bbl/d (light oil and no water) from the Eocene reservoir. This is well above the flow rate of ~75 bbl/d announced two weeks ago and initial expectations of 40-80 bbl/d.
• Downhole pressure data recorded during the test also indicates better than expected reservoir flow performance. This has positive implications with regards to the economics of the well and near term cashflow. The well could be put in production at 100-150 bbl/d; which repr ....
09 May 2022
ADX Energy Limited (ASE: ADX): Better reservoir performance than expected at Anshof
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ADX Energy Limited (ASE: ADX): Better reservoir performance than expected at Anshof
• The Anshof-3 well has flowed at a maximum rate of 132 bbl/d (light oil and no water) from the Eocene reservoir. This is well above the flow rate of ~75 bbl/d announced two weeks ago and initial expectations of 40-80 bbl/d.
• Downhole pressure data recorded during the test also indicates better than expected reservoir flow performance. This has positive implications with regards to the economics of the well and near term cashflow. The well could be put in production at 100-150 bbl/d; which repr ....