Phase 2 (ASE 3)
Valued Partners,
The ASE 3 was shut-in and the pressure build-up test was conducted and all results have been collected. After the ASE 3 was shut-in for the pressure buildup test, the well was immediately put back into production. The volume of gas doubled and oil production spiked to 20 barrels in a single day. This tells us that the volume of moveable oil in the reservoir is what we expected but the reservoir pressure is too low under current circumstances to give us the rate we want without further stimulation.
To improve the rate from both wells, we have designed an acid stimulation that we expect will clean out the fracture created by the sand stimulation that was done earlier and opens up pathways in the rock matrix for the oil to get to the well bore more easily. The acid stimulation is expected to take place at some point in the next 2-3 weeks. We expect rates to improve in each of the wells to as much as 40 bopd with a corresponding increase of gas. The ASE 4 will be first and the stimulation design will be adjusted if needed before doing the ASE 3.
