Market reaction: slightly positive. The SNE-3 well was testing the upper sands at the Southern extent of the field. The results of the test proves-up continuity of the reservoir characteristics to that part of the field. These are very good flow rates compared to what was achieved at the upper sands in SNE-2, however the steep declines during the test raise questions about connectivity. With the top of the reservoir encountered higher than expected, the reservoir probably extends on a larger
09 Mar 2016
GOOD RESULTS AT SNE-3 IN SENEGAL
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GOOD RESULTS AT SNE-3 IN SENEGAL
Capricorn Energy PLC (CNE:LON) | 172 8.9 3.1% | Mkt Cap: 157.8m
- Published:
09 Mar 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: slightly positive. The SNE-3 well was testing the upper sands at the Southern extent of the field. The results of the test proves-up continuity of the reservoir characteristics to that part of the field. These are very good flow rates compared to what was achieved at the upper sands in SNE-2, however the steep declines during the test raise questions about connectivity. With the top of the reservoir encountered higher than expected, the reservoir probably extends on a larger