US-focused oil and gas producer Target Energy Limited provide an operations update on its Fairway Project in the Permian Basin, West Texas.
On 10 December 2013, Target announced that it had encountered a Fusselman reservoir in its Sydney #2 well which appears thicker and possessing better reservoir properties than the nearby producing well, Sydney #1. Well log analysis has provided further indications that the Fusselman reservoir present in Sydney #2 could be very productive. Preparations for the completion of the Sydney #2 well are complete with perforation and flow testing of the Fusselman formation expected to take place next week.
Wagga Wagga #1
The Fairway Project partners designed the well completion program in December 2013 but were unable to effect the completion due to poor weather (note below). Completion procedures at Wagga Wagga #1 are now expected to commence after the Sydney #2 program. Initial testing will be on the deeper Ellenburger and Fusselman/Devonian sections.