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    Poland: BNK Updates Gapowo B-1 well

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Summary

BNK has announced receival of additional data on the whole core from the Gapowo B-1 well from the third party contractors. Analyses are consistent with the very high gas readings. BNK anticipates the environmental approval to be granted within the next 6 weeks with the concession modification submitted subsequently.

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Natural Gas & LNG News, News By Country, Poland, Shale Gas

Poland: BNK Updates Gapowo B-1 well

BNK Petroleum has provided an update on the Gapowo B-1 shale gas well in Poland based upon additional data on the whole core from third party contractors.

BNK stated that the Gapowo B-1 core data in the table below validated its  geologic model of increasing thickness and organic content over the Lower Silurian/Ordovician target interval.

 

Gapowo B-1 well

 

 

 

 

 

 

Target Interval

 

 

 

 

 

Gross Thickness m *

110

 

 

 

 

 

Net thickness m *

54

 

 

 

 

 

Porosity %

3.9 - 6.1 (Avg 5.1)

 

 

 

 

 

TOC %

1.1 - 4.2 (Avg 2.5)

 

 

 

 

 

Silica/Carbonate

46%

 

 

 

 

 

Clay

43%

 

 

 

 

 

Other

11%

 

 

 

 

 

* Does not include another 20m of prospective interval where core data is not available

 

 

 

 

 

 

Detailed inspection of the whole core revealed numerous fractures, believed to be caused by the overpressure, and are consistent with the gas isotope analyses which also indicated over pressured, permeable shales. These analyses are also consistent with the very high gas readings observed while drilling the Gapowo B-1 well. Approvals required to drill a lateral out of the Gapowo B-1 wellbore are pending.

BNK said that is was anticipating the environmental approval to be granted within the next 6 weeks with the concession modification submitted subsequently.  BNK holds the concession through its wholly owned subsidiary Indiana Investments Sp. z o.o.