Fortbridge Media ReleaseTalon Petroleum Ltd. [ASX:TPD] - Bonner 1H material increase in frac fluid and oil recoveryTalon Petroleum Limited (ASX: TPD) is pleased to report that there has been a material increase in frac fluid and oil recovery at the Roundhouse Prospect proof of concept well (Bonner 1H) located in Navarro County, East Texas since the well was placed on a jet pump in November 2013. The Company holds a 24% (approx) working interest (WI) in the well and the approximately 600 acres surrounding the well.
After recovering 47% of the frac fluid load in early January 2014, the operator, OBenco increased the surface pumping capacity to facilitate additional liquid recovery. Surface modifications were completed on 22 January 2014. The preliminary result is that:
recovery of frac fluid has been accelerated from 700 bwpd to 850 bwpd; and
oil recovery has increased from approximately 45 bopd to 70 bopd.
Talon President, CEO and Managing Director, Mr. Clifford Foss said that: We are still in the early stages and will continue to assess further adjustments to increase the frac load recovery and oil from the Cotton Valley Lime.
To view the full announcement please refer to the attachment.
For more information please contact:
Clifford Foss
President, CEO & Managing Director
+1 281 419 4976
or:
Jeff Forbes
Chairman
+61 7 3211 1122
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