Good results for Horizon Oil

CANADIAN oil and gas company Horizon Oil has confirmed promising result from the Stanley-4 development well at its petroleum prospecting licence-4 in  Western, according to Energy-pedia news on Tuesday.
Horizon Oil advised progress on the drilling of the Stanley-4 well, further to the update contained in the quarterly report of April 29.
The well, which spudded on March 29 with Parker rig 226, reached total depth of 3,340m in economic basement.
The Stanley-4 well is being drilled from the same surface as the Stanley-2 well, with a bot-tomhole location about 1km southeast of the Stanley-2 bottom hole.
Stanley-2 was completed as a production well for the planned Stanley condensate stripping project, also operated by Horizon Oil.
The primary Toro sandstone in Stanley-4 was found to be gas-filled with 35m of net gas pay, about 50% more than the Stanley-2 well.
The company said the secondary objective, the Kimu sandstone, was about the same thickness as the equivalent zone in Stanley-2 and contained 10m of net gas pay.
The gas water contact observed in the Kimu sandstone is 24m lower than the GWC calculated for both the Toro and Kimu sandstones from the pressure data recorded in Stanley-2.