| Summary: |
Pan American Petroleum
Company’s (“Pan Am”) Albert Kaloa No. 1 exploratory
oil well discovered this pool in 1967. Pan
Am tested the Beluga Formation between 3516'
and 3538' measured depth, and recovered gas
at a calculated 24-hour rate of 12,436,000
cubic feet per day with no associated water
or oil. Production and metering equipment
were installed, the well was connected by pipeline
to Atlantic Richfield's Spark Platform, and
the well was opened to flow on December 2,
1970. It produced dry gas at a rate of 1,300,000
cubic feet per day on December 2nd and 2,000,000
cubic feet per day on December 3rd. Production
continued through January 11, 1971, when sand
and mud plugged the tubing string, and the
well failed. The operator suspended the well,
stating that repair costs were prohibitive
and could not be economically justified.
Interest in the Albert Kaloa area rejuvenated
during 2004 when Aurora Gas, LLC drilled
the Kaloa No. 2 exploratory well at a location
adjacent to Albert Kaloa No. 1. On August
6, 2004, Aurora Power Resources, Inc. announced
in a press release that Kaloa No. 2 had
been drilled to a total depth of about
3,700’ and had encountered 150' of net
pay between 3,158' and 3,552'. Aurora
reportedly tested four separate intervals
at a combined flow rate of about 10,000,000
cubic feet per day. Continuous production
from Kaloa No. 2 began in October 2004,
and during December 2004 the well produced
a total of 148,129,000 cubic feet of gas,
for an average rate of 4,778,355 cubic
feet per day. |
