Serinus Energy Inc. announces a new discovery in the Serpukhovian aged reservoir underlying the Olgovskoye Production Licence. The Olgovskoye-15 (O-15) well tested the S5 zone at a maximum flow rate of 1.5 million cubic feet per day (MMcf/d). The O-15 well is operated by KUB-Gas LLC (KUB-Gas), a partially-owned subsidiary in which Serinus has a 70% effective ownership interest.

Olgovskoye-15 Well

The O-15 well was drilled as a directional well to evaluate the potential of the Bashkirian R30c and Serpukhovian S5 reservoir sands. Well logs indicated up to 9 metres of potential gas pay in the R30c and up to 6 metres of potential gas pay in the deeper Serpukhovian S5 zone. Potential gas pay was also encountered in the B3 (5 metres) and R22 (3 metres) zones.

Tags: Serinus Energy Inc.