Byron Energy Limited (ASX: BYE) reports drilling activities at South Marsh Island 58 G (SM58 G) platform. The Enterprise 264 jack-up rig is drilling two wells, SM58 G4 (G4) and SM58 G6 (G6). G4 reached 3,037 feet MD/2,944 feet TVD with surface casing set. G6 was drilled to 10,465 feet MD/8,667 feet TVD with surface casing set at 3,010 feet MD/2,942 feet TVD. G6 logged two oil sands: L2 Sand (32 feet MD oil and gas pay, 23 feet TVT) and I1 Sand (12 feet MD oil pay). The N2 Sand had poor reservoir quality. Production casing is being run to 10,466 feet MD.
On 5th September 2023, G6 reached 10,466 feet MD/8,627 feet TVD, logging the I1 and L2 Sands, confirming oil presence and a gas cap in L2 Sand. L2 Sand (28-32% porosity) had 32 feet MD oil pay (23 feet TVT) and will be completed for production. I1 Sand, not expected in this well, showed signs of oil or condensate and will be a future plug-back completion. N2 Sand exhibited high gas readings but poor reservoir characteristics. The G6 encountered a localized siltstone not detected by seismic data, suggesting it differs from adjacent N2 Sand producers.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 20, 2024
Nov 20, 2024
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
