Special Report: Ansila Energy has charged off the blocks in Poland with the company expecting to conduct testing of the Siciny-2 gas well in December.

The company is proceeding with the work program for the Siciny-2 gas well in the Gora concession following a positive independent review by oil and gas technical consultancy Oilfield Production Consultants (OPC) and Fenix Consulting Delft.

Ansila Energy (ASX:ANA), formerly Pura Vida Energy, said the review by OPC and Fenix found that the work program can be completed within the approved authorisation for expenditure and that operator Gemini Resources’ fracture stimulation design for the well is reasonable.

Site preparation for Siciny-2 is underway while re-entry of the well and the subsequent two stage frack will be carried out in November.

This will in turn lead to well testing in December to assess its commercial potential.

Siciny-2 was drilled in 2012 and had encountered 1,460m of tight Carboniferous sandstone with good and consistent gas shows throughout, while analysis of an injection test indicated good commercial potential through horizontal fracture stimulated development wells.

The company recently completed a transaction to earn up to 35% in the Gora and Nowa Sol concessions in Poland from Gemini by spending a total of $6.1m on fracture stimulation and testwork.

Both the Gora gas and Nowa Sol oil concessions have substantial unconventional resources that require horizontal wells with multiple stage fracks to develop.

Gora has estimated gas resources of about 1.6 trillion cubic feet of gas, or equivalent to about 270 million barrels of oil.

Nowa Sol has estimated resources of about 36 million barrels of oil and the joint venture plan to re-enter the Jany-C1 well that encountered good oil shows within the tight Dolomite formation during drilling in 2013.

The well will be subject to a single stage frack before a flow test is carried out in 2020.

Read more: Pura Vida is mapping out Poland gas development strategy

Pura Vida locks in Poland oil and gas move

>> Now listen: The Wildcatter Podcast with Peter Strachan: Ansila Energy


This story was developed in collaboration with Ansila Energy, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.