Exploration & Production
Poor Weather Hinders Target's Permian Basin Projects
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Target Energy Limited has reported an operations update on its Fairway Project in the Permian Basin, West Texas.
Sydney #2On 10 December 2013, Target announced that it had encountered a Fusselman reservoir in its Sydney #2 well which appears thicker and possessing better reservoir properties than the nearby producing well, Sydney #1. Well log analysis has provided further indications that the Fusselman reservoir present in Sydney #2 could be very productive. Preparations for the completion of the Sydney #2 well are complete with perforation and flow testing of the Fusselman formation expected to take place next week.
Wagga Wagga #1The Fairway Project partners designed the well completion program in December 2013 but were unable to effect the completion due to poor weather (note below)…
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