Talon tests result in 986 boepd at Quintanilla Well

THE ROADHOUSE BOWSER: Talon Petroleum (ASX: TPD) achieved an Initial Production test of 986 barrels of oil equivalent per day (boepd) from the company’s Quintanilla OL 1H well, part of the Mosman Rockingham (MR) Olmos sand horizontal oil play located in McMullen County, South Texas.

The well was connected to well test equipment for flow back operations on 10 October 2014.

Talon made its announcement saying it had been testing the well for approximately 76 hours on various choke sizes with a maximum reported rate of 744 barrels of oil per day (bopd), 1,452 thousands of cubic feet of gas per day (mcfd) (986 boepd), 1,800 barrels of water per day (bwpd) on a 22/64 inch choke with a flowing casing pressure of 2,700 pounds per square inch (psi).

This peak rate was achieved over a two-hour period in response to adjusting the choke size.

The-24 hour test prior to peak production was approximately 886 boepd.

The well was drilled to a total measured depth of 13,555 feet (8,958 feet TVD) and was drilled with a 4,286 foot lateral into the Olmos sandstone formation.

The company has a 10 per cent working interest in this lease and holds a 100 per cent working interest in 3,600 acres adjoining the Quintanilla lease, subject to third parties’ options to acquire collectively a 50 per cent working interest.

“This well result is a great success for Talon shareholders,” Talon Petroleum president, CEO and managing director Clifford Foss said in the company’s announcement to the Australian Securities Exchange.

“We have 15 to 30 additional horizontal locations identified by 3D seismic data with the potential to add additional locations within our current lease holding.

“We believe significant value was created with this test well and have begun planning for the follow-up delineation wells.”

Website: www.talonpetroleum.com.au