# Serinus Energy Sancrai – 1 well has discovered gas

- Link: https://www.directorstalkinterviews.com/serinus-energy-sancrai-1-well-has-discovered-gas/4121010004
- Published: 2021-07-15T07:17:33+01:00
- Author: Giles

**[Serinus Energy plc](https://www.directorstalkinterviews.com/company/serinus-energy-plc/senx.l)**(
[LON:SENX](https://www.directorstalkinterviews.com/company/serinus-energy-plc/senx.l),
WSE:SEN), has announced today that the drilling of the Sancrai – 1 well has discovered
gas.  The drilling of the well has concluded achieving the total planned drilling
depth of 1,600 metres. The well was drilled five days ahead of schedule and approximately
19% below budget.

Continuous formation gas shows were recorded over 20 metres of gross pay over four
sand intervals from the measured depths of 855 metres to 875 metres. At this drilling
interval the measured total gas ranged from 5.5% to 11.1% with an estimated average
porosity of between 23% and 27%. Open-hole petrophysical analysis undertaken during
the drilling operations has further confirmed this gas-bearing Pliocene sand zone.
The Company will now proceed to perforate and test the Pliocene sand zone prior 
to completing the well for future production.

This newly discovered gas field lies approximately 7.8 km to the south of the Moftinu
Gas Development project and provides Serinus with a high value, high return development
opportunity similar to the Moftinu Gas Development project. The close proximity 
of the Sancrai – 1 well to the Moftinu Gas Plant provides the Company with the option
to bring this well onto commercial production while drilling additional appraisal
development wells into the structure in order to fully delineate the gas field.

The Board of Directors and the Management of Serinus Energy are very pleased to 
have discovered a new gas field in Romania as it provides further affirmation of
the Company’s belief that there are multiple shallow gas fields within the Satu 
Mare Concession Area.

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