- Moftinu-1002bis: The well averaged approximately 2.8 MMcf/d for 30 minutes, then declined to 245 Mcf/d over the following two hours. The Company estimates that the tested zones contain 27 Bcf (P50) of original gas in place, although eventual recovery factors will be contingent upon identifying suitable drilling and completion techniques to allow commercial production rates. Management will examine various options for stimulating Moftinu-1002bis. Furthermore, gas samples indicate that the gas is rich in natural gas liquids (C2 through C6) and preliminary analysis suggests that liquid recoveries of 25 bbl/MMcf or higher may be possible.
- Moftinu-1001: The well has been completed and the maximum flow rate achieved was 7.4 MMcf/d through an 40/64 inch choke at a flowing wellhead pressure of 813 psi. Only trace amounts of water and 19 bbl/d of condensate were produced. The flow test was conducted over approximately 48 hours, after which it was shut in for a pressure build up test.