The company said that the open-hole logging operations have been completed at the Mirzaani #1 well. According to well logs and data obtained while drilling, the analysis suggests that the well contains approximately 146 meters of total net sandstones with average porosity values of approximately 20-25%.
The lower Pliocene age Shiraki formation sandstones are distributed among seven known field reservoir horizons, zones 12-18, that are situated at depths between approximately 1,200 meters and 1,490 meters.
Located approximately 520 meters to the southwest and as much as 20 meters up-dip of the currently producing #73 well within the field, the Mirzaani #1 well commenced drilling during the month of October in the southeastern portion of the Mirzaani field and reached a planned total depth of approximately 1,500 meters during the second week of November.
Steve Nicandros, chairman and CEO of Frontera Resources, said: “The successful drilling of the Mirzaani #1 well represents an important step for Frontera in our progress to increase production from the underdeveloped Mirzaani Field.
“Together with the results seen in our analysis to date, the significantly improved drilling performance of this most recent well compared to the drilling of our first well in the field earlier this year provides us with further encouragement for continued growth of the shallow fields production unit.”
