Pétrolia announces the results of its short-term evaluation test on the Haldimand 4 well. A total of 120.4 m3 (757 barrels) of drilling fluids mixed with light crude oil was recovered during the test. This oil is comparable to that recovered from the Haldimand 1 well in the same reservoir. Based on our estimates, the well produced approximately 54 cubic meters of oil (340 barrels) during this test. The next stage will be to undertake the production test.

This well, which was drilled without hydraulic fracturing, was started on November 25th and was completed on December 30th, 2014. Pétrolia then proceeded with short-term evaluation tests, the objective of which was to recover a maximum of drilling mud to clean up the well and, thus, get an overview of the oil production capacity of the fractured reservoir of the York River Formation. A pressure gauge was installed at the completion of the swabbing operation. This gauge will be removed in a few weeks and its data analysed. The analysis of buildup and production data will then help plan the next phases, including the installation of an extraction pump to complete the well cleanup and start the production test.

Tags: Pétrolia