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Drilling

D3 Energy Limited Announces Successful Spudding of RBD12 Well in ER315 Permit

Strategic Insights

— 1 min read

D3 Energy Limited has announced the successful spudding of the RBD12 well, located within the ER315 permit in the Free State, South Africa, marking a significant milestone in its ongoing exploration and appraisal programme aimed at unlocking the full potential of its helium and natural gas assets. This achievement follows a series of successful operations at the ER315 project, including impressive production testing results from the RBD10 well, which achieved an average flow rate of 191 Mscfd over a 14-day period. The company's consistent results have reinforced the potential of the ER315 permit and set the stage for further exploration and production appraisal.

Key Takeaways:

  • D3 Energy Limited has announced the successful spudding of the RBD12 well in the ER315 permit, marking the next stage of its exploration and appraisal programme.
  • The RBD12 well will be drilled to assess the reservoir's deliverability and collect data on helium and methane concentrations, with a budget of approximately A$200,000.
  • The well will undergo production testing upon successful intersection of gas, which will provide critical insights for the ongoing development of ER315.
  • The results of the production testing at RBD12 will inform key decisions regarding well interference, spacing, and the future submission of a Production Right application to the South African authorities.
  • The ER315 project has demonstrated world-class helium concentrations, with recent results including a 4.7% helium composition at RBD10 and a 5.1% helium composition at RBD03.

Statistics:

  • The RBD10 well achieved an average flow rate of 191 Mscfd over a 14-day period, representing a 52% increase from previous tests.
  • RBD10 measured a 4.7% helium composition, with a recorded average flow rate of 147 Mscfd for a 16-day period.
  • RBD03 recorded a 5.1% helium composition, with a recorded average flow rate of 147 Mscfd for a 16-day period.

Sources:

  • D3 Energy Limited (2023). News Release: Successful Spudding of the RBD12 Well in the ER315 Permit.

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