The company negotiated through AIM stated that the paint program carried out through Danube Petroleum, which has a 100 percent interest in the single threat zone of Parta and that, at the end of the touch of the farm at Tamaska Oil and Gas, would have 50%. Interest.
Reabold holds a 50.8% stake in Danube, while ADX Energy is the operator of IMIC-1.
He said fluid sampling at the back of the gap had recovered methane and drilling fluids from the reservoir, adding that the build-up of surface tension indicated a “gradual flow” of fuel from the reservoir, in tension at the well head expanding to 1650 psi. 780 psi.
It was discovered that the acidification apparatus stimulates the well to create a trace of fuel from the reservoir to the well.
Reabold stated that the detailed typification of rocks had known calcite and siderite cement at the site, which also had “excellent” parameters, with a matrix porosity of more than 20%.
He explained that acidification can dissolve more than 20% of cement and is commonly used in such deposits in western Romania.
“The restoration of Covid-19 quarantine needs in Romania has caused a brief delay in ongoing well testing programs at the IMIC-1 ground well site in Romania,” the council said in his statement.
“The Hungarian cable contractor who will have to take non-stop stress measurements and take samples of the fluids from the reservoir in the well has delayed their return to the site due to those requirements.
“Positive indications of methane were observed from a sampling at the bottom of the well that recovered methane and drilling fluids from the reservoir in a laboratory composition analysis.”
Reabold said the recovery of drilling fluids is another indication of dust buildup.
“Continuous deformation accumulation is monitored on the surface, indicating a slow inflow of fuel from the tank.
“The tension in the well’s mouth in the following days has increased from 780 psi to 50 psi.
“ADX, the well operator, has provided all the necessary acidification devices in Romania to stimulate the well and carry out the test. The injection of acid into the tank is intended to create a flow pathway for the tank fuel beyond the structure of the past. announced a dust filtration cake around the well during drilling and an imaginable invasion of the reservoir.”
The council added that acidification is a “common practice” for these tanks in Romania, with the required device readily available.
“Laboratory tests that more than 20% of the cement in the tank can be dissolved through acid.
“The cable contractor is expected to return on July 27 to resume stress tracking operations on the well.
“The effects of stress tracking on the back of the gap will be mandatory to determine long-term testing operations and programs.”
At 1027 BST, Reabold Resources shares rose 1.61% to 0.57p.
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