# INTERVIEW: Ascent Resources PLC results have exceeded management’s expectations

- Link: https://www.directorstalkinterviews.com/ascent-resources-plc-results-exceeded-managements-expectations/412722559
- Published: 2017-01-30T07:25:39+00:00
- Author: Giles Arbor

**Ascent Resources PLC** (LON:AST) today announced that it is delighted to report
that the flow test at Pg-10 has been successfully completed and the results have
exceeded management’s expectations.

The maximum stabilised flow rate was 8.8 million standard cubic feet of gas per 
day (“MMscfd”) which is in line with the rates measured when the well was initially
tested for a short period in 2011 and is significantly above the minimum commitments
required under the gas sales agreement with INA.

 

Over the course of the past three days we have carried out a series of tests which
will significantly increase our understanding of the well and the gas reservoirs.

Well Pg10 is a vertical well with an ‘S’ deviation, which was drilled to a total
depth of 3,497 metres. The well targets the ‘F’ sand at 3,125 to 3,175 metres. The
stabilised flow rate achieved on a 12mm choke was 249,064 cubic metres per day or
8.8 MMscfd per day. Over the course of the 56 hour test the well was open for a 
total of 37 hours. The well produced total gas of 295,387 cubic metres (10,431,595
cubic feet) along with 28,250 litres of water and 2,930 litres of condensate. The
average flowing well head pressure was 271 barg (3,930 psi absolute).

> **Colin Hutchinson, Ascent Resources PLC CEO, commented:** “We are extremely pleased
> with the results from the Pg-10 test and we look forward to bringing gas to market
> in the near future.”
>  

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