Oilex: Second Stage in Cambay's Frac Stimulation Program Underway

- Oilex: Second Stage in Cambay's Frac Stimulation Program Underway

Wednesday, August 03, 2011
Oilex Ltd.

Oilex advised that the first stage of the large volume multi-stage fracture stimulation program of the horizontal Cambay-76H well has been completed successfully and the second stage is now underway.

The fracture stimulation program comprises eight stages with two fracture initiation points per stage. After completion of the fracture stimulation program the well will be flowed to surface to remove stimulation fluids from the well bore (well clean-up phase) and then a flow test will be conducted.

The Cambay-76H "proof of concept" horizontal well is evaluating the production potential of the Y Zone interval of the extensive Eocene "tight" reservoirs in the onshore Cambay Production Sharing Contract ("PSC"), Gujarat, India.

• Report date: August 2, 2011
• Status: Conducting fracture stimulation operations
• Past Week's Operations
  • Rigging up fracture stimulation equipment
  • Testing wellhead equipment, replace faulty high pressure valves
  • Prepare well bore and conduct mini fracture stimulation test prior to first stage large volume fracture stimulation
• Objective: Cambay Eocene "tight" reservoir Y Zone
• Total Depth: 2,740 meters including 610 meters horizontal section

The participating interests in the Cambay PSC are:

• Oilex Ltd (Operator) 30%
• Oilex NL Holdings (India) Limited 15%
• Gujarat State Petroleum Corporation Ltd 55%

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Oilex Completes Frac Stimulation Ops at Cambay Well

- Oilex Completes Frac Stimulation Ops at Cambay Well

Wednesday, July 27, 2011
Oilex Ltd.

Oilex advised that the mobilization for the large volume multi-stage fracture stimulation of the horizontal Cambay-76H well has been completed with all equipment now on site and rigged up. The Black Pearl drilling rig has been fully demobilized from site.

In preparing for the start of the fracture stimulation program; a test of all surface equipment has been conducted, mixing of chemicals and loading of proppant and water to tanks is underway and coiled tubing operations are being completed.

The fracture stimulation program will comprise eight stages with two fracture initiation points per stage. The well will then be flowed to surface to remove stimulation fluids and clean up the well bore prior to conducting the flow test.

The Cambay-76H "proof of concept" horizontal well is evaluating the production potential of the Y Zone interval of the extensive Eocene "tight" reservoirs in the onshore Cambay Production Sharing Contract ("PSC"), Gujarat, India.

• Report date: July 26, 2011
• Status: Preparing for fracture stimulation operations
• Past Week's Operations:
  • Demobilizing drilling rig
  • Mobilizing and rigging up fracture stimulation equipment
• Objective: Cambay Eocene "tight" reservoir Y Zone
• Total Depth (TD): 2,740 meters including 610 meters horizontal section

The participating interests in the Cambay PSC are:

• Oilex Ltd (Operator) 30%
• Oilex NL Holdings (India) Limited 15%
• Gujarat State Petroleum Corporation Ltd 55%

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TAM Targets Multi-stage Frac Market

TAM Targets Multi-stage Frac Market

Friday, May 06, 2011
TAM International, Inc.

TAM International, Inc., an independent oilfield service company providing inflatable and swellable packers, has formed a new company, TAM Completion Systems, Inc., to provide integrated completion solutions.

The system includes TAM FREECAP swellable packers, liner top packers, frac sleeves and related accessory items.

Jack Newberry, vice president, U.S. and Latin America at TAM International, will run the new wholly owned subsidiary. Newberry will retain his current title and will have added responsibilities with the new company.

TAM International has been supplying FREECAP swellable packers to the shale operators for years with great success, Bentley Sanford, president of TAM International said. TAM Completion Systems provides a vehicle to develop and provide a full-service solution for the growing multi-stage frac market.

The key to a successful multistage frac is assuring proper zonal isolation. TAM, providing inflatable and swellable packers, has a strong track record in this market. Initially TAM will use its own packers and service tools, while using the best options for other equipment needed.

TAM Completion Systems will service TAM Internationals existing customer base and expects to gain market share by serving those customers who prefer to purchase a complete lower completion solution.

TAM Completion Systems expects significant growth as we build the business capabilities in the United States and internationally, Newberry said. By creating a new organization to pursue this exciting, high-growth market, we will be able to increase TAM product sales while providing additional value-added services to our customers.

TAM Completion Systems will be located in a recently acquired building across from TAM Internationals Houston headquarters. The building is currently being renovated for the new company and for several other TAM departments, and it should be complete in July 2011.

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Aladdin Spuds Exploration Well in Eastern Turkey

Aladdin Spuds Exploration Well in Eastern Turkey

Thursday, April 28, 2011
Exile Resources Inc.

Exile Resources Iannounced that, with partner Valeura Energy Inc. and operator Aladdin Middle East Ltd., it had spud the Company's first exploration well, Bostanci-1, on April 24, 2011 in Turkey. This well is located in the southern most corner of the Rubai License 2600 adjacent to the borders with Iraq and Syria.

"The Bostanci structure is a large surface anticline, with Cretaceous Mardin limestones interpreted to lie within the core of the structure as the reservoir target," said Tony Henshaw, President and CEO, of Exile Resources.

Due to surface location constraints, the Bostanci wellsite is located to the north of the target and will require a deviated well, of approximately 11,400 feet measured depth, to reach the interpreted reservoir level. This is expected to take approximately 70-80 days to drill. Exile and Valeura are sharing equally the drilling costs of the well, estimated to be $6.2 million excluding completion and cased-hole testing. This expenditure would take Exile's equity to just under 29%.

The Ogunduk area is still under evaluation, as the partners continue to evaluate the results from the seismic program and consider other leads on the License area.

Frac Plugging Op Underway at Samson's Earl Well

Frac Plugging Op Underway at Samson's Earl Well

Thursday, April 28, 2011
Samson O&G Ltd.

Samson O&G advised that operations on the Earl #1-13H to drill out the 19 frac plugs is underway. This operation, which commenced last week, has been hampered by difficult weather conditions, by the stand down of the rig crew for Easter and by equipment breakdowns. The operation is now back on track, however and the first of the nineteen plugs had been drilled as of 0700 hours CST this morning.

Prior to the first plug being drilled, the oil rate from the well for the previous 24 hours was 292 BOPD. After the first plug was drilled, the rate was measured at 960 BOPD over a two hour period, prior to commencing the drill out of the second plug. Neither of these rates is considered to be a conclusive indicator of the well's initial production performance, as this can only be determined once all of the plugs have been removed. Samson is, however, encouraged by the marked increase in the oil rate from just one of the nineteen plugs being removed.

Trans Energy Completes Frac Ops at Marcellus Well

Trans Energy Completes Frac Ops at Marcellus Well

Friday, April 08, 2011

Trans Energy Inc.

Trans Energy has turned the Keaton #1H horizontal Marcellus well into a sales line on Monday, April 4.

The Company also announced that it completed the 15 stage hydraulic fracture stimulation on the Groves #1H horizontal Marcellus well in Marshall County, WV, and is currently drilling out the frac plugs and will then run production tubing in the well. The Company expects the Groves #1H to be turned into a sales line by April 22.

The Company also announced that, on March 31, 2011, it completed the sale of 2,950 net acres in its operating areas to its joint development partner, Republic Energy Ventures LLC, for $14,012,500. The Company used $5,000,000 to pay down its existing senior bank indebtedness and the balance for working capital. As part of this transaction, the Company has reached an agreement with its senior secured lender, CIT Capital USA, Inc. ("CIT") for an extension of its existing bank loan until March 31, 2012.

John G. Corp, President of Trans Energy, said, "With the success of our drilling activities in the Marcellus shale we are pleased to have this working capital to complete the funding of our recent drilling activities and to have reached an agreement with CIT for an extension of our senior credit facility. We continue to develop our acreage position in the Marcellus shale and look forward to starting our 2011 drilling program."

Frac Stimulation Ops Begin at Samson's Earl Well

Frac Stimulation Ops Begin at Samson's Earl Well

Tuesday, April 05, 2011

Samson O&G Ltd.

Samson O&G advised that fracture stimulation operations on the Earl #1-13H started on Saturday, April 2nd. Pumping operations are currently expected to be completed by April 7th and flow back operations will commence shortly thereafter.

While there have been some weather-induced delays, as of Monday 0600 hours April 4th, Stages 1 to 4 had been pumped, and Stage 5 was about to be pumped.

The stimulation plan involves 20 stages, which will place a total of 2.7 million pounds of proppant in the 5,700 foot horizontal section.

Samson O&G Closes Asset Sale, Sets Frac Date for Earl Well

Samson O&G Closes Asset Sale, Sets Frac Date for Earl Well

Thursday, March 31, 2011
Samson O&G Ltd.

Samson O&G has closed its previously announced sale of gas assets in the Jonah and Lookout Wash Fields in Green River Basin, Wyoming for $6.3 million to a group of private buyers, with an effective date of January 1, 2011. Samson's cash balance following this transaction stands at US $73.3 million.

Samson has also been advised that a frac date has been set for the Earl #1-13H well and it is expected that frac operations will commence Monday April 4th. Earl #1-13H was previously drilled to a measured total depth of 17,342 feet, and a 5,700 foot liner set in the horizontal section. This horizontal section will be fracced with 20 stages and the treatment is expected to place 2.3 million pounds of proppant. This operation will take approximately five days.