Linc planning flow test, summer well

Linc Energy plans to flow test its Point MacKenzie area gas well by late March to study several potentially gas charged intervals, the Australian independent announced Feb. 10.

Linc completed the LEA No. 1 well in November. Schlumberger performed advanced petrophysicial well log analysis, but Linc hasn’t flow tested the well yet because of cold weather in Southcentral that could influence testing results and increase costs.

“The results of the analysis have confirmed three significant sand formation intervals that appear to be gas charged and which possess apparent permeable values indicating they are good candidates for a flow test,” the company wrote in its announcement.

Linc sampled gas from 31 intervals between 1,500 feet and 6,323 feet in LEA No. 1 and all contained “pure, dry natural gas” between 99 and 100 percent purity, according to the company. Gas of that purity would be pipeline quality, not requiring treatment or conditioning. The LEA No. 1 well is within two miles of an Enstar Natural Gas pipeline.

“The recent results received from Schlumberger are extremely positive for LEA No. 1,” Peter Bond, chief executive officer of Linc Energy, said in a prepared statement. “It clearly shows that the gas we encountered whilst drilling could have come from a reasonable source of considerable size, which opens up the commercial potential for not just this well but the additional leases which Linc Energy holds in this area.”

Linc plans to drill its second Alaska well by the middle of the year on its leases in the Trading Bay area. Linc also holds underground coal gasification leases in Alaska.

—Eric Lidji