IOG has released an update on its Southwark A2 development well. This has returned initial flow rates substantially behind expectations. The well has been stimulated in six reservoir zones, and achieved a maximum stabilised rate of 4.2mmcf/d gross. Water production was also high, at 1.6mbbl/d, leading IOG to the conclusion that one or more of the producing zones could be in communication with the aquifer. As such, IOG is now planning on carrying out operations in order to attempt to isolate the ....

18 Jan 2023
IOG plc (IOG LN) - Southwark update – poor initial flow rate

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
IOG plc (IOG LN) - Southwark update – poor initial flow rate
IOG PLC (IOG:LON) | 4.4 0 0.5% | Mkt Cap: 23.1m
- Published:
18 Jan 2023 -
Author:
Daniel Slater, CFA -
Pages:
6 -
IOG has released an update on its Southwark A2 development well. This has returned initial flow rates substantially behind expectations. The well has been stimulated in six reservoir zones, and achieved a maximum stabilised rate of 4.2mmcf/d gross. Water production was also high, at 1.6mbbl/d, leading IOG to the conclusion that one or more of the producing zones could be in communication with the aquifer. As such, IOG is now planning on carrying out operations in order to attempt to isolate the ....