Calima Energy Ltd (ASX:CE1) has delivered encouraging production and operational progress within the Bantry Field in the core Brooks area in Alberta,Canada.
The company’s three-well horizontal Glauconitic (GLCC) drilling campaign at Brooks has successfully finished its fracture stimulation program at the Pisces #3 well, which will be flowing back post the next seven-day shut-in period.
During February, well maintenance activities and pipeline construction resulted in average production above 4,200 barrels of oil equivalent per day (boe/d).
Looking ahead, Calima is targeting production of Gemini #5, #6, #7, and Pisces #3 wells by the month end – positively contributing to current cash flow and a half-yearly production average of 4,000-5,000 boe/d.
“Ahead of our goal”
Calima CEO and president Jordan Kevol said: “We are very pleased with progress in the field at Brooks.
“Kudos to the related staff and contractors who have worked very diligently to achieve such progress, and to the team who have put the planning together over the past 12 months.
“Before the winter frost melts, the team is focused on the Bantry Field at Brooks to equip and tie-in the four wells currently behind pipe (Gemini and Pisces).
“We are ahead of our goal of having Gemini #5, #6, #7, and Pisces #3 on production by the end of March which will positively contribute to current cash flow and our H1 2022 average production of 4,000-5,000 boe/d”
Pipeline infrastructure at Brooks
The pipeline at Brooks connects the company’s 02-29 oil battery in the northern portion of the field, to the recently drilled wells (Gemini #5, #6, #7 and Pisces #3) in the southern portion of the field and most importantly, will provide egress for planned production growth in the pipeline corridor located in the heart of the Brooks properties.
Notably, Gemini #5 and #6 have been completed and both wells are now tied into the pipeline.
Further, the Gemini #7 will be tied-in within seven days and Pisces #3 will be tied in and brought on production by mid-March.
Pisces #3 has been fracture stimulated and will be flowing back post the next seven-day shut-in period.
The final section of the pipeline which connects existing producing wells in an area that currently has fluid volumes trucked to the 02-29 battery, will be connected, and flowing into the battery by the end of March.
View of the pipeline coming into the Calima 02-29 oil battery.
Fracture simulation at Pisces #3
The Pisces #3 well has been shut in following the recent successful fracture stimulation program as per standard reservoir management for fracture stimulated wells.
Following this seven-day shut in period, downhole and surface pumping equipment will be installed, the well will be tied in and initial flowback operations will commence into temporary facilities while the pipeline is completed.
Looking ahead, the well is expected to be on stream and producing initial flow-back fluid by mid-March, and subsequently tied into the 2-29 battery by March 31, 2022.
Kevol adds: “The fracture stimulation has been successfully pumped on the Pisces #3 well.
“We are happy to report that the frac went very well, and all 33 stages were successful in placing sand.
“The well is anticipated to be on production to temporary facilities in two weeks, following which it will be tied into the 02-29 battery via the new pipeline by the end of the month.
“We are pleased to be bringing on new oil wells in this robust oil price environment.”