Ascent Resources set to re-drill Fontana-1 well in Italy
02 February 2010
Exploration and production group Ascent Resources is set to begin re-drilling the 'geotechnical investigation well' Fontana-1 in Italy's Latina valley over the course of the next few days.
A rig has arrived on location and drilling is expected to take a month, during which time cores will be collected in order to appraise the shallow part of the Anagni structure on Ascent’s Frosinone Exploration permit
This will be the second attempt for Fontana-1, which was originally spudded last October but work had to be called off after mechanical problems meant that core samples could not be collected. The same problems occurred with the earlier Anagni-1 well.
The original Fontana-1 well reached the target formation 300m shallower than at the Anagni-1 location and confirmed the interpretation of the seismic data. The new well will utilise a slightly larger rig and use a modified procedure to try to ensure the reliable recovery of core samples.
Jeremy Eng, Ascent’s managing director said: “The potential upside from Fontana-1 still remains and we are keen to test the structure that we believe has significant potential.”
Elsewhere, at Ascent’s Penészlek project in eastern Hungary, the PEN-101 wellsite location is almost complete, the PEN-106 location construction is underway and despite the severe winter weather, the construction of the pipeline from PEN-105 to the gathering facilities and to the main export pipeline is almost complete and awaiting pressure testing.
Ascent has scheduled the start of production from the PEN-105 well for February 2010 and is planning to have five wells in production at Penčszlčk by mid-2010.
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