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BRS Resources Ltd. (TSXV:BRS) reported that Po Valley Energy completed testing of its Gradizza-1 discovery well. Drills and tests were conducted in September and on November 20, the well tested natural gas at a stabilized rate of 696,000 cubic feet per day on with 492 psi flowing tubing pressure on a ¼-inch choke.
BRS Resources Ltd. (TSXV:BRS) reported that Po Valley Energy completed testing of its Gradizza-1 discovery well. Drills and tests were conducted in September and on November 20, the well tested natural gas at a stabilized rate of 696,000 cubic feet per day on with 492 psi flowing tubing pressure on a ¼-inch choke.
As quoted in the press release:
No formation water, pressure decline, or gas impurities were recovered during testing and the bottom-hole pressure measured was approximately 1,200 psi. The well is currently shut-in, waiting on installation of surface facilities, pipeline hookup, and regulatory approvals. BRS holds an interest in the Gradizza well through its membership in AleAnna Resources, LLC.
BRS Resources CEO, Steve Moore, said:
Gradizza was an important well for AleAnna and BRS in establishing production in Italy and in broadening and quantifying our prospect portfolio in our adjacent Ponte del Diavolo permit. We are pleased with the Gradizza test data, which is in line with our pre-drill expectations and economic modeling. We are also pleased with the operational progress made by our Gradizza well partner and operator, Po Valley Energy.
Click here to read the BRS Resources Ltd. (TSXV:BRS) press release