Valued Partners,
Following our last portal update, we have perforated the ASE 1 Booch zone and are conducting pressure tests and swabbing, with production tests to follow. From our latest field report, the ASE 1 pressure was close to 3000 PSI, in comparison to surrounding wells which range between approximately 300-700 PSI. This is an excellent sign and confirms our strategy to perforate the Booch payzone.
We are currently waiting for the lab results (water analysis) from the ASE 2. The results will give us essential information regarding how best to optimise oil and gas production while reducing the water produced.
