Australian oil and gas company Titan Energy Ltd provide an update on its activities in the US, where a major recent focus has been on a significant workover programme at the Allen Dome Salt Dome field in Texas.

The Company is pleased to report that it has achieved a better than expected oil flow rate at the Reese #5 well on the northern flank of Allen Dome, where the Company holds an approximate 84% Working Interest.

Following re-entry and recompletion of the Reese #5 well, including the installation of a gravel pack system, an adjustable choke has been installed on the wellhead and set at 8/48' and will be adjusted to control the flow rate for reservoir management at approximately 50 barrels of oil per day (bopd) with possible pump assistance. The well is currently flowing on its own with initial flowing tubing pressure (ftp) at 125 psi and shut in casing pressure (sicp) at 250 psi. This is a significant increase on the pre-drillestimates of a potential flow rate of 30 bopd.

Tags: Titan Energy Ltd