Canada-focused oil and gas play Calima Energy (ASX: CE1) is now progressing towards production testing of its Calima-2 and Calima-3 horizontal wells in the highly prospective Montney region, British Columbia.
The news comes after Calima announced it had completed a 92-stage reservoir stimulation operation over the 2,561-metre lateral section at the Calima-3 well, targeting the upper Montney interval.
As per the previous completion, the reservoir section targeted by the Calima-3 well has taken up the full proppant load of 45 tons per stage or 1.5t/m at almost all stage locations.
Calima is now in process of installing production testing equipment on both Calima-2 and Calima-3 horizontal wells with both wells to be tested imminently.
The company expects initial results over the coming two weeks, with longer term test results delivered during April 2019.
“We are pleased to report that another critical phase of the work program has been completed successfully,” Calima’s Managing Director Alan Stein said.
The planned proppant loading of 45 tonnes per stage was once again delivered on schedule and within budget across almost every one of the 92 stages in the Calima-3 well.
“This sets up excellent conditions for production testing which is due to commence in the next 24 hours. The Calima team have done a great job and based on data gathered to-date, the well results should meet or exceed expectations.”
Calima was last trading at 4.5c on Wednesday.