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Echo Energy makes non-commercial gas discovery at Tapi Aike licence in Argentina

first_imgNon-commercial gas discovery follows the completion of testing on the lower secondary target and the primary target Echo Energy made non-commercial gas discovery at the Campo La Mata Exploration well. (Credit: Pixabay/skeeze) Echo Energy has made non-commercial gas discovery at the Campo La Mata Exploration well (CLM x-1) in the Tapi Aike licence in Argentina.The move follows the completion of testing on the lower secondary target (Anita) and the primary target (Lobe C).The lower secondary Anita target, following cleanout operations, flowed at surface at an estimated rate of up to 0.57 million standard cubic feet per day (MMScf/d) with an estimated average rate of 0.35 MMscf/d.Following cleanout activities, the primary Lobe C target flowed at the surface at an estimated rate of up to 0.28 MMScf/d with an estimated average rate of 0.25 MMscf/d.However, the firm did not retrieve condensate from the interval, which is said to be in line with the mud-log showing 93% methane.Two targets fail to meet stabilised production rate across the intervalsThe firm said the two targets, although contained gas, did not flow at stabilised production rate across the intervals of approximately 1.0 MMscf/d, which is required for considering them as commercially viable.Echo Energy CEO Martin Hull said: “It is a disappointment that our initial exploration well at Tapi Aike has returned non-commercial flow rates from the tested intervals.“Data from the CLM-x-1 well will now be used to calibrate and further inform our subsurface model and the JV partnership will use this enhanced dataset to identify future drilling locations on the licence It is anticipated that the second Tapi Aike Exploration well will spud in H2 2020.“At Santa Cruz Sur, we expect to commence testing shortly on the recently drilled Campo Limite (CLix-1001) well. We look forward to updating the market on the results of the CLix-1001 testing operations in due course.”The Tapi Aike partners are currently assessing independent plays in the recently processed western seismic, in a bid to drill one well in the area at a later stage.Separately, Echo Energy is planning to commence testing operations at the recently drilled Campo Limite (CLix-1001) well at Santa Cruz Sur in the second half of February 2020.In December 2019, Echo Energy said it has deployed the Petreven H-205 rig to the Palermo Aike production concession, in the Santa Cruz Sur assets, to drill the Campo Limite exploration well.last_img read more

Kippa-Ring ends the year with its richest house sales on record

first_imgGreat things are expected of the Kippa-Ring property market in 2019 with large blocks close to the water attracting families.TWO houses have broken the suburban house price record in Kippa-Ring within the last month, confirming the suburb’s spot on an elite list of Australian suburbs to watch in 2019.In a stunning end to the year, the near new 66 Centaur Street broke the record by $22,000 when it sold privately for $697,000 on November 19. Inside 66 Centaur St, Kippa-Ring, that sold for $697,000.“The property itself offered the complete package for a new homebuyer,” agent Rebecca Matthews said.“It’s a six month old property, and the vendors designed the home quite well.”Mr Reid said the image of Kippa-Ring as only a great place for investors needed to change, with the suburb’s proximity to quality schools, retail and infrastructure, making it attractive to families.The most recent Australian Bureau of Statistic census figures from 2016 show there are more rental properties in Kippa-Ring than the state or national average, with 35.2 per cent of homes rented.A total of 159 properties have sold in the 12 months to September, representing a growth of 3.6 per cent, compared to 95 sales in Newport which is a drop of 6.1 per cent in 12 months. SEE WHAT ELSE IS FOR SALE IN KIPPA-RING MAP: Kippa-Ring in light green just beside the canals of Newport. on the Redcliffe Peninsula.The median house price in Kippa-Ring is currently $435,000 compared to Newport’s $770,000, according to CoreLogic property data.But in November, increased sales demand saw the Price Predictor Index put Kippa-Ring on the national list of hottest suburbs to watch in 2019.Only two other Brisbane suburbs made the list, Graceville and Indooroopilly.The completion of the Redcliffe Peninsula railway line in 2016 has been credited with raising Kippa-Ring’s suburban profile.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019 Kippa-Ring is the retail and transport heart of the Redcliffe Peninsula while only a short drive to beaches.The suburb is also home to two of the peninsula’s main shopping centres.Crown Properties sales associate Cameron Reid sold 38 Kurumba St, and said buyers were missing out on a great opportunity by refusing to look in Kippa-Ring. The new suburb house price record is now held by this property at 38 Kurumba St, Kippa-Ring.The Redcliffe Peninsula suburb has been seen as a poor cousin to neighbouring Newport since part of Kippa-Ring was excised to help create Newport in 2008.center_img >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<< “I’m a big fan of Kippa-Ring,” he said.“People are paying big dollars for Newport homes and 150m away we have sea breezes and water views and big parcels of land.”He said 38 Kurumba St on 625sq m was sold before its first open home to a family with three children who had been looking at Newport properties.“It went on the market on a Thursday, the buyers came through on Friday and an offer was made on the Saturday.”The property had been subdivided from a 1232sq m allotment that was bought for $670,000 earlier this year. The original block at 38 Kurumba St, Kippa-Ring, that was subdivided into two allotments.The original house was moved to one block and a new house built on the subdivision.It was a first offer that also bought the five-bedroom house at 66 Centaur St after its second open house. NVRE estate agent Rebecca Matthews said the buyers had been renting in the area after moving to Queensland from interstate. This house at 66 Centaur St, held the Kippa-Ring house price record for just under a month.This week, the brand new five-bedroom house at 38 Kurumba Street sold before it’s first open home for $710,000.last_img read more

Okyenhene named Life Patron of Ghana Golf Awards (GGA)

first_imgPrimeval Media Ghana Limited, organisers of the Ghana Golf Awards (GGA) has announced that the His Royal Majesty, Okyehene, Osagyefo Ofori Amoatia Ofori Panin, is now the “Life Patron” of the event.The well-respected king noted for his passion for environment and an ardent golfer, will chair the 2014 GGA as well as future events.Okyehene Amoatia Ofori Panin, was the guest speaker of the maiden edition last year and is expected to add royal touch to the 2014 edition.Jeff Asare, Communications Director of Primeval Media told sportscrusader.com that, the move was to give the event needed clout and glamour it deserves.He said Okyehene is a well-respected king and his acceptance of the gesture marks a significant growth in the life of Ghana Golf.“Our outfit is honoured to have such a noble person as our life patron. It shows that the event has attracted the needed attention and recognition it deserves. “We are happy to have the Okyehene on board and his presence will definitely be a great boost to our success”. He noted.The second edition of the GGA will be held at the Events Haven, Trade Fare Center, La, Accra on Saturday, December 27, at 6pm.In all 20 award winners will be honoured on the night which will also be attended by Sir Sam Jonah, a renowned businessman and an ardent golfer.last_img read more