US-focussed oil and gas exploration and production company, Target Energy Limited advises that work continues at its Buffalo Project in South Texas.

Following the 14 April fracture stimulation and the subsequent installation of a pump jack to accelerate the recovery of the load fluid, the well has now recovered approximately 70% of the load water (over 11,800 barrels of water were pumped into the formation during the operation).

Gas and traces of oil continue to be produced with the water. While still minor, the gas flow rate is now sufficient to be measurable and as such the Company is presently installing equipment to allow the produced oil and gas to be separated out from the recovered water and to commence measuring the relevant flow rates.

Tags: Target Energy