3Legs Resources plc 2013/14 work programme November 2013
Why Poland Promising acreage we maintain that our Baltic Basin concessions represent some of the most prospective shale acreage in onshore Poland Promising results gas flowed to surface and flared from all 4 wells on our 3 western…
2013/14 programme - highlights Data gathered from vertical wells to date have enabled a detailed understanding of stimulation effectiveness and of reservoir properties in target shale horizons The optimal route to assessing flow rate…
3Legs activity, 2009-2012 Activity on 3Legs concessions 2009- 225 sq km of 3D seismic acquired in 3 Strzeszewo LE-1 30km 2011 shoots across 3 concessions 2010 2 vertical wells, Lebien LE-1 and Lebien LE1 & LE-2H Legowo LE-1, drilled…
Current year activity Strzeszewo LE-1 vertical well First stimulation and test executed in Piasnica Karwia (or Cambrian Alum) horizon Q2 2013 Strzeszewo LE-1 Natural gas flowed to surface and flared; well shut in for pressure…
Planned 2013/14 programme Drilling of two new vertical wells, Lublewo LEP-1 and Slawoszyno LEP-1 Further improve understanding of our two target formations in our high graded area, including depth, thickness and shale reservoir…
Lessons learned to date Manage formation sensitivity to water to maximise productivity from target formations Use improved mud system in the shale horizons in future wells Based on core analysis to date Completion designs now based…
Sasino shale isopach map graded area 3Legs high- Source: 3Legs Resources Ongoing core analysis confirms our geological interpretation to date, which shows our high graded area for the Sasino and Piasnica zones extending across…
Piasnica shale isopach map graded area 3Legs high- Source: 3Legs Resources 3Legs estimates the Piasnica (or Cambrian Alum) formation to have over 15 metres of thickness across its high-graded area; it was not included in 3Legs…
US analogy still an important reminder Shows well performance can improve significantly as appraisal stage progresses Average production rates by year Average reserves per well by year Fayetteville shale Fayetteville shale 5,104…
Indicative timetable and cost Planned activity to Q3 2014 Western Baltic Basin concessions 2013 2014 Activity Q4 Q1 Q2 Q3 Q4 Strz esz ewo LE-1 DFIT/frac/testing Lublewo LEP-1 Drilling/ coring/ logging Slawosz yno LEP-1…
Conclusion 3Legs is maintaining its strategy of focusing on our western Baltic Basin concessions 3Legs believes that the 2013/14 programme is the optimum way to unlock, quickly and efficiently, the long term potential of the…
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