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View in Other Languages Drillsearch Energy Limited (ASX:DLS) Western Cooper Gas And Liquids Project Update: Canunda 1 Extended Production Testing Drillsearch Energy Limited (ASX:DLS)西库珀天然气和液化气项目最新进展:Canunda 1进行扩大生产测试 Drillsearch Energy Limited (ASX:DLS)西庫珀天然氣和液化氣項目最新進展:Canunda 1 擴大生產測試 
Drillsearch Energy Limited (ASX:DLS) Western Cooper Gas And Liquids Project Update: Canunda 1 Extended Production Testing
Drillsearch Energy Limited (ASX:DLS) Western Cooper Gas And Liquids Project Update: Canunda 1 Extended Production Testing

Sydney, Jan 6, 2011 AEST (ABN Newswire) - Drillsearch Energy Ltd (googlechartASX:DLS) (googlechartPINK:DRLLF) is providing this update on the progress of the Canunda-1 Condensate Discovery extended production test. The PEL 106B joint venture - Drillsearch (50%) and Beach Energy Ltd (googlechartASX:BPT) (googlechartPINK:BEPTF) (50% Operator) Canunda-1 extended production test (EPT) will recommence after a work over to allow for not only retrieval of wireline and pressure gauges but also reconfiguration of the well to optimise production performance from the rich condensate/volatile liquids pay interval.

Both Drillsearch and Beach have declared the Canunda Condensate Discovery commercial and have assessed that the Canunda Discovery contains at least 2.8 MMBOE including 1.3 MMbbls of liquid hydrocarbons comprised of condensate and LPGs as set out in the table at the end of the release.

It is currently planned that engineers and equipment will be mobilised to location in mid-January with testing recommencing early February. The reconfigured Canunda-1 well test evaluation is intended to more accurately define size and production characteristics of this high liquids yielding gas field.

The initial extended production test began in late June and due to high condensate production rates the 10-day test was choked back due to a lack of storage and transportation constraints. Over the 10-day testing period of the upper zone, the Canunda well produced over 2500 bbls of 62 degree API condensate.

Flooding and retrieval of pressure gauges had hampered the restart of the extended production test. Additional storage and trucking have been arranged to accommodate high condensate production rates when the extended production testing of the Canunda-1 discovery well re-starts in early February.
------------------------------------------------------------		CANUNDA GAS & LIQUIDS DISCOVERY		Estimated 2C Contingent Resources*------------------------------------------------------------Sales Gas	Condensate	 LPG	   Total MMBOE  (BCF)         (bbls)         (tonnes)  ------------------------------------------------------------   8.0	       928,000         46,000	      2.8------------------------------------------------------------
* Beach as operator has declared the Canunda Liquids Discovery commercial and booked Canunda as 2P reserves. Gaffney, Cline & Associates (GCA) as Drillsearch's independent reserves auditor is currently treating the Canunda discovery as 2C contingent resources until the field is put into production where upon GCA have indicated they would reclassify these hydrocarbons as 2P reserves.

Contact

Brad Lingo
Managing Director
Ph:+61-2-9241-4440
Email:admin@drillsearch.com.au
http://www.drillsearch.com.au



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