The well’s primary objective is to confirm the reservoir quality and commerciality of the Middle Miocene reservoir section, independently assessed by RPS Energy to contain over 400bcf of gas-in-place.
The secondary objective is to further delineate the substantial new deeper reservoir which was recently discovered by the Pg-11 well.
Early estimates indicate that the newly discovered reservoirs could increase the RPS P50 gas estimate by over 50%, Ascent said.
The deeper Miocene pay section in Pg-11A has better reservoir characteristics than the thinner sands, which produced a total of 8bcf of gas from the Pg-1 and Pg-5 wells at initial rates of 1.5mmcfd and 2.5mmcfd in 1987.
Ascent holds a 75% interest in the Petisovci project, while Slovenian firm Geoenergo holds the remaining 25% interest.
