The Jacana-5 appraisal well was successfully drilled outside the mapped 3P reserve area and production tested at approximately 2,500 bbl/d (1,375 bbl/d net). The Jacana-5 well did not encounter the oil-water contact. There will be incremental exploration and appraisal drilling to complete in 2017e. The Field size will most definitely be increasing, with reserves being recognized at year-end 2016e and in future years. We value the potential reserve upgrades and reserve expansion at the Jacana
29 Aug 2016
Jacana Field Reserve Upgrades and Growth
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Jacana Field Reserve Upgrades and Growth
Parex Resources Inc. (PXT:TSE) | 0 0 1.1% | Mkt Cap: 2,763m
- Published:
29 Aug 2016 -
Author:
Darren B. Engels -
Pages:
8
The Jacana-5 appraisal well was successfully drilled outside the mapped 3P reserve area and production tested at approximately 2,500 bbl/d (1,375 bbl/d net). The Jacana-5 well did not encounter the oil-water contact. There will be incremental exploration and appraisal drilling to complete in 2017e. The Field size will most definitely be increasing, with reserves being recognized at year-end 2016e and in future years. We value the potential reserve upgrades and reserve expansion at the Jacana