3Legs poised for third phase of testing of Lebien well

Independent oil and gas company 3Legs Resources has reported that preparations are under way for a third phase of testing at the Lebien LE-2H horizontal well in Poland.

The company, which focuses on the exploration and development of unconventional oil and gas resources, said that the well had been drilled in the lower Ordovician horizon, and testing equipment had been mobilised to the location.

It said that testing would be expected to commence in the second half of May and it expected that the well would be flow-tested for 30 to 60 days.

The company said that preparations were also continuing for a single-stage hydraulic fracture stimulation on the Strzeszewo LE1 well, and equipment had begun to arrive on location. The target horizon for the stimulation is the Cambrian Alum shale, and operations were scheduled to commence within the next four weeks, 3 Legs said.

Kamlesh Parmar, Chief Executive Officer of 3Legs Resources, said: "We are very pleased that we will shortly be conducting a third phase of testing on the Ordovician horizon in the Lebien LE-2H well. We see this as an important further step in the ongoing appraisal of our western Baltic Basin concessions, which should provide a further indication of this well's reservoir potential."

He added: "The hydraulic frac stimulation of the Cambrian Alum shale at the Strzeszewo LE-1 well will also yield significant additional data on the potential of the high-graded area within our western Baltic Basin concessions, and will advance our understanding of the potential of the Cambrian Alum shale on our acreage. We look forward to analysing the results of these two operations and updating the market in due course."

MF