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Petratherm shows GDY how to drill well.
Quite an amazing performance if you contrast it with GDY's horrendous start, middle and at depth.
These PTR guys got it right and might have restored a lot of faith in Hot Rock Energy. Paralana Joint Venture Project Update Petratherm and its JV partners, Beach Petroleum and TRUenergy Geothermal advise that after project total depth of 4012 metres was reached last week, evaluation of the Paralana 2 deep injector well has commenced. The program has been modified to include both wireline and logging while drilling (LWD) equipment. Following logging, 7 inch casing will be run to total depth and cemented in place (refer diagram overleaf) and the rig will be released for its next drilling assignment. The well will take a period of time to approach temperature equilibrium due to it having been drilled with mud cooled at the surface. It is planned that measurements be undertaken about 4 weeks after the well has been cased. While those measurements should provide a more accurate assessment of the long term well temperature, experience with other similar wells has shown that the well temperature continues to increase and can take a few months to achieve its full equilibrium temperature.
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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