Reef Resources Ltd. Announces 100 bopd Test Rate for Ausable #1

- October 7th, 2011

Reef Resources Ltd. (TSXV:REE) has completed the production testing of its Ausable well #1 using hydraulic venturi downhole pump technology.

Reef Resources Ltd. (TSXV:REE) has completed the production testing of its Ausable well #1 using hydraulic venturi downhole pump technology.

As quoted in the press release:

The Company is now in the process of installing the permanent venturi pumping equipment in Ausable well #1. The new pumping equipment will be installed in the recently drilled Ausable well #5 followed by Ausable well #2 and Ausable well #4. Clean up on the Ausable #2 horizontal well is completed and the new pumping equipment will be installed upon completion of production flow testing.

During the test period the venturi was run for a number of periods to test the surface and downhole pumps and to optimise pump rates and fluids. Reef estimates that the stabilized long term production rate for Ausable well #1 using venturi pumping will be between 50 – 70 bopd and is confident that the production rates for the additional production wells (Ausable #2, Ausable #4 and Ausable #5) will also achieve similar production levels upon installation of venturi pumps. Ausable well #1 was previously being pumped using a traditional beam pump and was recently producing between 5 and 10 bopd. These estimates represent production prior to the full execution of the Enhanced Oil Recovery (“EOR”) program.

Click here to read the Reef Resources Ltd. (TSXV:REE) press release

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