Special Report: Pura Vida Energy is taking steps to map out a field development plan and evaluate the gas resource at its Gora concession in Poland.

Pura Vida Energy (ASX:PVD) has tapped London-based oil and gas technical consultancy Xodus Group to generate a Conceptual Field Development Plan (CFDP) for Gora.

This includes layouts for the well pads along with required facilities.

Xodus is also tasked with carrying out a feasibility and economic evaluation of the 2C (Best) estimate contingent resource of 1.6 trillion cubic feet (Tcf) of gas (270 million barrels of oil equivalent) at the unconventional gas project.

This will provide a clearer picture of what the upcoming Siciny-2 fracture stimulation and well test work program translates into in terms of a potential per unit volume of 2C contingent resource in the case of a success.

Well site operations for Siciny-2 are expected to begin this month, with Pura Vida and its partners planning to re-enter the well and carry out a two-stage hydraulic fracture stimulation program within the Carboniferous reservoirs.

Well tests will be carried out to recover information on permeability and production potential to aid the evaluation of the commerciality of the play.

The other part of the company’s $6.15m expenditure in Poland is on the Nowa Sol unconventional oil play, where a single stage frack and flow testing is planned for the Jany-C1 well in 2020.

While the testing at Gora and Nowa Sol will involve the re-entry and fracking of existing vertical wells, future development wells are expected to be horizontal wells with 16-stage fracks.

Read more: Pura Vida locks in Poland oil and gas move


This story was developed in collaboration with Pura Vida 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.