After six weeks of testing, Well 41 in the north of Chinarevskoye did not achieve a commercial flow rate in the Frasnian reservoir. It was announced previously that the Frasnian at Well 42, also in the northern area, did not flow commercially either (which was expected according to Nostrum given that the sands at that well were too thin). This is very disappointing given that Nostrum was very confident. This is also potentially very material as the north was key for near-term production growt
14 Oct 2019
Deteriorating fundamentals on poor well test
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Deteriorating fundamentals on poor well test
Nostrum Oil & Gas Plc (NOG:LON) | 5.3 0 (-5.5%) | Mkt Cap: 8.96m
- Published:
14 Oct 2019 -
Author:
Stephane Foucaud -
Pages:
5
After six weeks of testing, Well 41 in the north of Chinarevskoye did not achieve a commercial flow rate in the Frasnian reservoir. It was announced previously that the Frasnian at Well 42, also in the northern area, did not flow commercially either (which was expected according to Nostrum given that the sands at that well were too thin). This is very disappointing given that Nostrum was very confident. This is also potentially very material as the north was key for near-term production growt