Talon Petroleum (ASX: TPD) has successfully fractures stimulated the Bonner-1H proof of concept well at the Roundhouse Prospect in Texas and has started flow back testing.
The jet pump is currently recovering about 1,500 barrels of frac load water per day and it is anticipated that at least 50% of the frac load has to be recovered before the well starts to recover oil.
This has already demonstrated that the deliverability of the well has been enhanced over that of vertical field development wells that were originally used in this area.
Based on production from vertical wells in prospect, Bonner-1H and other horizontal wells are expected to have gross potential of 440,000 barrels of oil equivalent each on a 160 acre spacing.
Talon has a 23.89% working interest in Bonner 1H well and the surrounding 600 acres as part of its project generation agreement with Wandoo Energy.
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