Pantheon Resources confirmed its onshore well in the Eagle Ford sandstone had paid off.
The Vos#1 well encountered 107ft of net pay at a depth of 15,150ft.
The prospect, located in Tyler County in East Texas, later showed a sudden decrease in all three producing parameters – gas production, oil production and FTP.
However, chief executive Jay Cheatham said “even at the reduced flow rates after the blockage, the well is still flowing commercial quantities of hydrocarbons”.
The joint venture will now perform a bottom hole pressure build-up test over the next 72 hours.
Cheatham added: “From the V0S#1 well, the net pay encountered and initial flow rates are very encouraging. Although we are disappointed that we cannot report production numbers at this time, I am confident we will be able to remedy the downhole issue, which is most likely heavy mud blocking perforations. Similar blockages are known to have occurred in the analogous, nearby Double A Wells field and were subsequently successfully remedied.
“Even at the reduced flow rates after the blockage, the well is still flowing commercial quantities of hydrocarbons. Without the blockage, our data suggests that this has the potential to be an exceptional well.”
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