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Ansila (ASX:ANA) completes mini-frac at Siciny-2 well

Mining
ASX:ANA
10 December 2019 17:00 (AEST)

Ansila Energy NL (ANA) has completed a mini-frac of the Siciny-2 well within the Gora concession in Poland.

Last week, the company completed the mobilisation of the Halliburton frac fleet and Weatherford well test equipment to the well site.

Ansila reported that the upper frac was installed and pressure tested ahead of the reservoir simulation.

Halliburton has successfully performed a direct formation injection test (DFIT), or mini frac, prior to conducting a two-stage hydraulic fracture stimulation, which is scheduled for today.

The Siciny-2 well covers 636 square kilometres of Gora in Poland.

Early next year the company will be commencing a transient pressure build-up test at the site.

Ansila acquired a 35 per cent earn-in transaction to the Hora and Nowa Sol concession, onshore in Poland from Gemini Resources.

The earn-in agreement will see Ansila spending $6.15 million on those two concessions with work programs designed to unlock and prove the commercial viability of two potentially large unconventional resources.

The company said it looks forward to providing investors with further updates as it progresses through the Siciny-2 well stimulation and test operations during the remainder of the year and into 2020.

On market close, Ansila remains steady and is selling shares for 4.1¢ apiece.

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