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Pryme Energy provides operations update on Capital oil project


Published Jan 26, 2015
Pryme Energy Limited
Pryme Energy Limited

Pryme Energy Limited says that the second well drilled in the Capitola Oil Project, the Hope Boles PU1 in the Sweetwater acreage block, has been fracture stimulated in both the Canyon Sand series and Cline Shale intervals.

The well was stimulated to plan and responded as expected; oil, gas and frack fluids are currently being produced from both intervals. The Initial Potential (IP) of the well will be determined following the removal of frack fluid from the two intervals.

'As with the Mahaffey well, the fracture stimulation of the Hope Boles went very smoothly and to plan,' said Justin Pettett, Pryme's Managing Director. 'The well is expected to produce increasing volumes of oil as it cleans up from fracture stimulation and the frack fluid is produced back.'

Tags: Pryme Energy Limited




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