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post #41 of 44
Nice down day. My entry price is near.


PetroGlobe Provides Operational Update
PetroGlobe Provides Operational Update

CALGARY, ALBERTA, Jan. 18, 2011 (Marketwire) --

PetroGlobe Inc. ("PetroGlobe" or the "Company") (TSX VENTURE:PGB) announces operational update on its recent light oil drilling program in the Edson area located in North West Pembina.

Prior to year end the Company completed the drilling and multi stage fracture stimulation of its Cardium hz well located in North West Pembina. The well was completed with twelve stage oil fracture stimulation with eleven stages being successfully executed as planned. During the completion of the twelfth and final stage of the fracture stimulation the well screened off in its final flush stage.

Subsequent to completion the Company flowed the well and recovered approximately 868 bbls of oil in 50 hours at which time the well ceased to flow on its own. The Company then attempted to clean the sand out of the well and mill through the balls and ports believed to be restricting flow, with the intention of enabling a production test. The Company believes it successfully milled through the first port however encountered an obstruction shortly beyond that point. The company believes that the fracture treatment interval may have partially collapsed the casing resulting in an interval of approximately 68 meters of damaged casing. The Company believes it has reopened approximately 57 meters of the damaged interval through its work on the section during the last weeks. The Company has shut in the well and currently discussing with its partner and industry experts on further remedial action that may be taken.
post #42 of 44
oh gawd the bottoms fallen through for me... im dusted...
post #43 of 44

 

"moving on up... finally after the last "doh"   n.r...'we got a broken pipe"smile.gif

 
PetroGlobe Provides Operational Update and Well Licence

Mar. 3, 2011 (Marketwire Canada) --

CALGARY, ALBERTA -- PetroGlobe Inc. (TSX VENTURE:PGB) ("PetroGlobe" or the "Company") announces operational update on its recent Cardium horizontal light oil well in the Edson area located in North West Pembina.

The Company recently flow tested its Cardium horizontal oil well in the Edson area after it was discovered upon initial testing that a mechanical failure existed immediately after the last fracture treatment port, which is the closest to the heel of the horizontal well bore. The test period was over three days during which the Company both flowed and swab tested the well, recovering approximately 599 barrels of fluid during 31 hours of testing.

The Company has set production equipment in place and will be placing the well on pump and looks forward to updating the market on pumping rates once established.

The Company is also pleased to announce it has licensed a second horizontal well in the adjacent section and plans to commence drilling in the second quarter of the year. 

post #44 of 44

this one is moving up today but anyone know why?

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