Northern Sacramento Basin Project
LOCATION: NORTHERN SACRAMENTO BASIN, CALIFORNIA, USA
INTEREST: PACRIM 12.5% via PACRIM US ENERGY CORP
Pacrim Energy retains a 12.5% free carried interest through exploration in the plus 60,000 acre Northern Sacramento Basin project in California with the Nahabedian Exploration Group (NEG) and others.
The operator, NEG, previously advised the Company that the Worthington 2-8 well reached a total depth of 13,506 ft. Electric logs identified multiple target zones that warrant testing. Casing was then set to 13,474 ft.
Pacrim was advised in April 2008, that a test rig was in place and testing of the objective sandstone target at approximately 13,000 feet commenced. This was followed sequentially by the testing of several additional zones and the test rig was still on site as at the end of the June Quarter. Several zones of interest in the objective sandstones proved to be tight sandstones. The presence of gas was however detected in the hole with accompanying pressure build up.
It has been explained to Pacrim that plans had been to re-enter the hole to shoot further perforations, and change over to water in to stimulate the ingress of gas to enhance the flow. These efforts were inhibited by technical difficulties and implements became stuck in the hole and though freed, the well could not be reentered beyond the casing and is now only suitable as a possible sidetrack to
re-drill the zone of potential. Pacrim has been further informed that a decision has been made to plug the hole and suspend operations as of late July.
Comment
In 2007, the Board of Pacrim reached agreement to reduce the interest in the Northern Sacramento Gas Project to a 12.5% interest free carried through exploration to enable the Company to focus operational activities on gold exploration.
Considerable expense and effort has been directed at the Worthington 2-8 Well and although Pacrim has a minority carried interest, the Company is encouraged by the detection of gas and confirmation of the presence of sandstone as a favourable reservoir rock.
Although the Operators were not able to establish a commercial flow of hydrocarbons, these findings are believed to confirm the potential of the Behemoth prospect as a prospective regional gas play over which a large lease holding has been secured.
Pacrim await news on progress and are of the understanding that
Operators, NEG, are currently discussing the project with several other
parties.