Sefton Resources provides an update on the permitting and drilling of the Hartje replacement water disposal well, oil production from California and the thermal stimulation report of the Tapia Canyon oil field.
Jim Ellerton, Chairman of the Board said,"I am pleased to report that the new water disposal well at Tapia is now fully permitted. Water disposal has been the critical limiting factor in optimizing production at Tapia and the Company can now look to the benefits that upgraded water disposal facilities coupled with the progress that has been witnessed following the acidization and cyclic steaming of the Yule wells.
Further progress has been made towards the completion of the thermal simulation study on Tapia which will allow the value of the Enhanced Oil Recovery (EOR) project at Sefton’s 100%-owned Tapia Canyon oil field to be maximised in negotiations with third parties to scale up the size of this project to its ultimate potential.”
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