Dart Energy Limited provides an update on the Airth Project at PEDL 133, Scotland, following conclusion of a three month production test of the Airth 12 well:

• The Airth 12 well was completed in March 2012 as a quad-lateral well, at an average depth of 950 metres, with a total 'hole-in-coal' in excess of 2,000 metres. No hydraulic-stimulation ('fraccing') has been used or is planned at PEDL 133. • The well was brought on line in June 2012 for initial dewatering and early commercialisation through electricity generation. • During the last quarter of 2012, the well was operated continually for 3 months on a controlled production test basis. • Sustained gas flow rates in excess of 0.5 million standard cubic feet per day were achieved during the production test period, with peak rates in excess of 0.8 million standard cubic feet of gas per day. The well was, however, held back from its maximum production potential, to minimise flaring of gas.

Dart considers that the production test has been successful, in that it has validated a number of key assumptions that underpin the longer-term development plans for the Airth Project:

Tags: Dart Energy Limited