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Sino Gas & Energy's Ordos Basin work program heads towards completion  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 24/12/2012

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(MENAFN - ProactiveInvestors - Australia) Sino Gas & Energy (ASX:SEH) is on track to complete its work program at two of its production sharing contracts in the Ordos Basin in China.

It has already drilled two wells at the Sanjiaobei that have reached target depths and a third well has been spudded and has reached a total depth of 770 metres.

Initial mud log and wireline log results of the major pay zones identified are in line with previous gas discoveries on Sajiaobei.

Sino Gas has also completed five wells on Linxing East, with the latest well having reached a total depth of 1,124 metres. Two other wells are approaching total depth and are likely to be completed within the next week.

Meanwhile, a final well has been drilled to 656 metres and is on target to complete drilling by the month's end.

Preparations for the frac program are underway with testing expected to start later this week followed by dewatering.

A rig is being mobilised to the TB-13 exploration well site on the block.

In Linxing West, following the completion of the first well of the two well program, a ring is being mobilised to the nearby TB-12 well site.

Seismic work brought forward from 2013 is making good progress, with surveying complete and data acquisition underway for the 350 kilometres of additional seismic lines on Linxing West.

Sino Gas & Energy has a 24% interest in Sanjiaobei and a 31.7% interest in the PSCs in the Ordos Basin.

 






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