Edge's Drilling Program Delayed Due to Wet Weather

- Edge's Drilling Program Delayed Due to Wet Weather

Wednesday, July 20, 2011
Edge Resources Inc.

Edge Resources provided the following operational update in response to the recent flooding and extremely wet weather in the area of Eckville, Alberta, where the Company currently operates the majority of its producing natural gas wells.

Eckville has recently made news headlines because of heavy rains and flooding in and around the town. While the Company is disheartened by the loss and damage to property in and around Eckville, Edge is pleased to announce that none of its production or current operations have been adversely affected by the flooding.

The Company had hoped to initiate its summer 2011 drilling program this week; however, the extremely wet conditions have delayed the initiation of this program as well as delayed additional completion and tie-in activities in the area. The Company expects that it will be in a position to move a drilling rig into the area in August, with the help of warmer, drier weather.

In the meantime, the Company will continue with preparatory, regulatory and pre-construction administrative work for these and additional projects.

Brad Nichol, President and CEO of Edge commented, "It is devastating what has happened to the residents in the Eckville area. Edge has always employed a strategy of utilizing local contractors and supporting the local economy in its operations, so the flooding is more than just a newspaper headline to us. Some residents have reported that this was the worst storm in 45 years, which resulted in the closure of highways and bridges."

Edge's main producing natural gas property is approximately 30 km west of Eckville, near the town of Leslieville, Alberta.

Oil & Gas Post

Promote Your Page Too
LINK

Treaty's Tx. Lease Acquisition Delayed

Treaty's Tx. Lease Acquisition Delayed

Friday, April 29, 2011
Treaty Energy Corp.

Treaty announced an update to its announced "letter of intent" of April 12, 2011 to acquire producing oil and gas leases in Shackelford County, Texas.

The closing on this acquisition has been delayed until June 7, 2011 because of issues that had to be corrected by the seller on the leases being purchased.

Stephen L. York, Vice President of Acquisitions and Operations for Treaty Energy, stated, "Although we are disappointed over the delay of this acquisition, we are very pleased that all the issues are being corrected and the new closing date is now set."

Statoil: Production Start Delayed at Njord Platform

Statoil: Production Start Delayed at Njord Platform

Tuesday, April 26, 2011
Statoil
by SubseaIQ

Production on the Njord platform was shut down on April 24 as a result of operational problems with gaskets in a gas export compressor. Later the same day, during work to resume production, a gas leak was discovered in one of the risers.

All production on Njord was immediately shut down and will remain shut down until the cause of the leak has been determined.

Production at the Njord field has been shut down since April 1 as a safety measure, while inspection of risers is carried out after earlier discoveries of internal damage to a particular type of flexible pipe.

The first instances of damage were discovered during a planned inspection last autumn, and an inspection program was initiated which is now being carried out. Riser inspection is also being carried out at the Visund field.

Risers are the pipes that convey oil and gas from the seabed to the installation, and consist of several layers of plastic and steel. Production at Njord and Visund is planned to be phased in again in due course as inspection of the risers confirms that they are in order, or after they have been repaired or replaced.

The Njord field resumed partial production on April 16, but was shut down again on April 24 when manual measurements during a work operation revealed a gas leak from one of the risers after an automatic shutdown. The well was contained when the leak occurred.

The riser in which the leak was discovered was quickly depressurised, and production and the other risers were shut down in a controlled manner.

The Norwegian Petroleum Safety Authority (PSA) has been informed of the incident.

Shutdown delays production from the field. The total field production for Njord is around 70,000 barrels of oil equivalents (oe).

Risers on all installations are subject to constant monitoring and routine inspections in accordance with applicable inspection programs.