Notice on SAPONIS INVESTMENTS SP. z.o.o.: LEBORK S-1 Drilling Results
25.04.2011 | Pressrelease
The whole core an sidewall cores were taken to fully evaluate the physical paramet
ers of the rock. These analyses will provide, among other data: porosity, permeability, total organic carbon, rock eval pyrolysis, thermal maturity, gas composition, micropaleontology, and mechanical properties. During drilling, numerous gas shows were recorded over 285 meters of the Lower Silurian, Ordovician and Cambrian shales. The gas shows consisted of mainly methane gas. The strongest gas shows were in the Cambrian shale though gas shows in the other intervals may have been diminished due to whole coring of the other intervals.
Consistent with projections, the two primary shale target intervals were thicker in the Lebork S-1 well than in the Wytowno S-1 well. The Ordovician shale interval in the Lebork S-1 well is approximately 91 meters thick, which is slightly thicker than the 83 meters found in the Wytowno #1 well. The Cambrian shale also thickened to 15 meters from the 9 meters found in the Wytowno #1 well. This provides further support for the hypothesis of an increasing thickness trend that may continue into deeper portions of the basin.
It is anticipated to receive all core analysis back by the 3rd quarter. Analyses of the sidewall cores from the Wytowno S-1 well are still pending. The suite of Schlumberger open hole logs that were run in the Lebork S-1 well will be calibrated using the core data to more precisely evaluate the potential pay sections. The log suite in the Lebork S-1 well currently calculates the highest gas and best properties in the Cambrian shale interval followed by the Ordovician shale interval. The uncalibrated log suites of both wells currently indicate higher gas calculations in the Ordovician interval in the Lebork S-1 well than in the Wytowno S-1 well, which may change after the logs are calibrated. During the 3rd quarter it is anticipated that the completion will be designed and the first intervals in each well will be fracture stimulated.
The drilling rig will stay on location until the end of May at which time it will begin mobilizing to the Starogard concession to begin drilling the first well on that concession in mid June. The Wytowno S-1, Lebork S-1 and Starogard S-1 wells are being drilled by drilling contractor Nafta Pila.
RAG holds an 26.3% interest on Saponis Investments. The other shareholders are BNK through its subsidiary BKX, Sorgenia E&P SpA and LNG Energy through its subsidiary Kaynes Capital.