Virginia project’s appraisal programme to spud ahead of schedule – Renergen
Emerging domestic natural gas and helium producer Renergen expects the appraisal programme for its Virginia gas project, in the Free State, to spud ahead of schedule during the first week of February.
The dual-listed company also advised that the first planned incline in Phase 1’s development had gone well.
The updates follow after Renergen confirmed in December that the horizontal well intersected gas-charged sandstone in the inclined section of the well.
The following day – December 10 – after drilling ahead through the interpreted sandstone section and into the underlying formation, and intersection of a number of fractures, the well flowed gas to surface at a rate of over 850 000 standard cubic feet a day.
The sandstone deposit subsequently holds an estimated helium concentration of 12%, with the balance of the gas being predominantly methane.
Drilling operations were suspended over the holiday period, save for occasional flaring and monitoring, which confirmed no reduction in the gas pressure in the well.