(MENAFN- ProactiveInvestors - Australia) MEC Resources (ASX: MMR) investee company Advent Energy has flowed 0.96 million cubic feet of gas per day during testing of its Waggon Creek-1 well in the onshore Bonaparte Basin.
Importantly, subsequent wireline log review and pressure build-up analysis indicated that a further 4 metres of net pay may yet to be accessed by the existing perforations and could increase production.
Advent had perforated four zones over an interval of between 378 metres and 595 metres with interpreted net pay from 5.5 metres and 7.58 metres.
Pressure analysis indicates that the drainage area accessible by these zones is restricted. No formation water was produced.
Comparison of gas compositions of samples obtained from the 2011 perforated zones and recent 2012 perforated zones indicates a potential single gas column over the 217 metre interval between the top perforated and bottom perforated zones.
This provides a significant gas resource upside in this stratigraphic trap should Advent successfully identify areas within the interpreted Waggon Creek gas accumulation of thicker reservoir development. Further investigative work could refine this upside potential.
Advent has a 100% working interest in EP 386.
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