Ich bin bei 1,60 eingestiegen, weil ich aus den vielen Foren und m Internet gefunden hatte, dass schon Probebohrungen riesige Mengen Gas entdeckt haben und nur noch ein Partner fehlt. Stimmt das jetzt alles gar nicht?!?
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Meldung des Tages: SGS liefert den Ritterschlag: Weltklasse-Tests machen aus einem Explorer plötzlich ein Industrie-Asset
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das Gas gefördert werden kann, soweit ich das mitbekommen habe.
Ich möchte noch etwas zum Prinzip des Verfahrens sagen:
Gesucht wird hier nicht nach Methan in gasform. Das Methan liegt in den Kohlevorkommen komplex gebunden vor. Das ist eine physikalische Verbindung zwischen den Methan- und Kohleschichten. Die Kohle besitzt eine chemisch/physikalisch eine Schichtstruktur. In den Schichten ist das Methanmolekül eingelagert. Es muss zunächst einmal Energie reingesteckt werden um die physikalische/chemische Bindung zu lösen. Wenn das gelingt und die Energiebilanz positiv ist, ist das Verfahren wirtschaftlich.
Wesentlich einfacher ist die Förderung von Methan vorliegend in Gasblasen, wie es heute ausschliesslich technisch erfolgt.
Gesucht wird hier nicht nach Methan in gasform. Das Methan liegt in den Kohlevorkommen komplex gebunden vor. Das ist eine physikalische Verbindung zwischen den Methan- und Kohleschichten. Die Kohle besitzt eine chemisch/physikalisch eine Schichtstruktur. In den Schichten ist das Methanmolekül eingelagert. Es muss zunächst einmal Energie reingesteckt werden um die physikalische/chemische Bindung zu lösen. Wenn das gelingt und die Energiebilanz positiv ist, ist das Verfahren wirtschaftlich.
Wesentlich einfacher ist die Förderung von Methan vorliegend in Gasblasen, wie es heute ausschliesslich technisch erfolgt.
Recent Stories
2006-03-16 See all News
09:00:02 - Donnerstag
Torrent Energy Provides Update on Nitrogen Stimulation Program at Pilot Projects
Business Editors / Energy Writers
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 16, 2006--
Torrent Energy Corporation (the "Company") (OTCBB:TREN)
is pleased to announce the following development from its wholly owned
operating subsidiary, Methane Energy Corp. ("Methane").
From March 9th through March 12th, 2006, Halliburton Energy
Services completed Nitrogen (N2) stimulation activities on a number of
Methane's Beaver Hill and Radio Hill pilot wells. This was the first
such operation in the State of Oregon and in the Pacific Northwest
region of the U.S. This program brought together talented personnel
and equipment from both Canada and the western US oil and gas
industry. Specifically the completion program included the following:
-0-
*T
1) Beaver Hill #3 -- injected 175,000 SCF of N2 through casing
into a 4-foot perforated interval in the Lower Coaledo "D"
coal. Breakdown in the formation was achieved.
2) Beaver Hill #5 -- injected 380,000 SCF of N2 through casing
into a 4-foot perforated interval in the Lower Coaledo "D"
coal. Breakdown in the formation was achieved.
3) Radio Hill #1 -- injected 1,020,000 SCF of N2 into 10 separate
Lower Coaledo coal seams of varying thickness via a coiled
tubing unit. Breakdown in the various formations was achieved.
4) Beaver Hill #2 -- injected 324,000 SCF of N2 into 4 separate
Lower Coaledo coal seams of varying thickness via a coiled
tubing unit. Breakdown in the various formations was achieved.
*T
The stimulation results are currently being analyzed with the
assistance of Coal Gas Technologies of Calgary, Alberta. Flow-back and
swabbing operations are expected to continue through the balance of
March.
Torrent President and Chief Executive Officer John Carlson states,
"We have successfully completed 16 separate N2 stimulations on our
Coos County project. We continue to gather a wealth of new and useful
data, thereby advancing our understanding of the various Coos County
coal formations. Following a comprehensive evaluation of this data,
the next phase in our testing program will be to connect the wells to
production test facilities currently on location, pump any formation
water and test potential gas rates and flowing pressures."
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company
focusing on developing non-conventional natural gas reserves. The
Company's primary objective is to create value for the Company's
stakeholders by applying strong technical expertise to projects. The
Company's current focus is on the exploration of the Coos Bay Basin
project in southwestern Oregon, where the Company currently has a land
portfolio that includes over 112,000 acres of prospective land in the
Coos Bay area. For more information please visit
www.torrentenergy.com.
On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
John D. Carlson, President & CEO
Safe Harbor Statement
This news release includes statements about expected future events
and/or results that are forward-looking in nature and subject to risks
and uncertainties. Forward-looking statements in this release include,
but are not limited to, that stimulation results are currently being
analyzed; flow-back and swabbing operations are expected to continue
through the balance of March; and our intention to connect the wells
to production test facilities, pump any formation water and test
potential gas rates and flowing pressures. It is important to note
that actual outcomes and the Company's actual results could differ
materially from those in such forward-looking statements. Factors that
could cause actual results to differ materially include the
uncertainty of the requirements demanded by environmental agencies,
the Company's ability to raise financing for operations, inability to
maintain qualified employees or consultants, potential delays or
obstacles in spudding and interpreting data, and the likelihood that
no commercial quantities of gas are found or recoverable. For more
risk factors about our Company, readers should refer to risk
disclosure in our recent forms 10-KSB and 10-QSB.
KEYWORD: NORTH AMERICA OREGON UNITED STATES CANADA
INDUSTRY KEYWORD: ENERGY COAL OIL/GAS PRODUCT/SERVICE
SOURCE: Torrent Energy Corporation
CONTACT INFORMATION:
Torrent Energy Corporation
Bruce Nurse, 1-800-676-TREN (8736)
info@torrentenergy.com
2006-03-16 See all News
09:00:02 - Donnerstag
Torrent Energy Provides Update on Nitrogen Stimulation Program at Pilot Projects
Business Editors / Energy Writers
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 16, 2006--
Torrent Energy Corporation (the "Company") (OTCBB:TREN)
is pleased to announce the following development from its wholly owned
operating subsidiary, Methane Energy Corp. ("Methane").
From March 9th through March 12th, 2006, Halliburton Energy
Services completed Nitrogen (N2) stimulation activities on a number of
Methane's Beaver Hill and Radio Hill pilot wells. This was the first
such operation in the State of Oregon and in the Pacific Northwest
region of the U.S. This program brought together talented personnel
and equipment from both Canada and the western US oil and gas
industry. Specifically the completion program included the following:
-0-
*T
1) Beaver Hill #3 -- injected 175,000 SCF of N2 through casing
into a 4-foot perforated interval in the Lower Coaledo "D"
coal. Breakdown in the formation was achieved.
2) Beaver Hill #5 -- injected 380,000 SCF of N2 through casing
into a 4-foot perforated interval in the Lower Coaledo "D"
coal. Breakdown in the formation was achieved.
3) Radio Hill #1 -- injected 1,020,000 SCF of N2 into 10 separate
Lower Coaledo coal seams of varying thickness via a coiled
tubing unit. Breakdown in the various formations was achieved.
4) Beaver Hill #2 -- injected 324,000 SCF of N2 into 4 separate
Lower Coaledo coal seams of varying thickness via a coiled
tubing unit. Breakdown in the various formations was achieved.
*T
The stimulation results are currently being analyzed with the
assistance of Coal Gas Technologies of Calgary, Alberta. Flow-back and
swabbing operations are expected to continue through the balance of
March.
Torrent President and Chief Executive Officer John Carlson states,
"We have successfully completed 16 separate N2 stimulations on our
Coos County project. We continue to gather a wealth of new and useful
data, thereby advancing our understanding of the various Coos County
coal formations. Following a comprehensive evaluation of this data,
the next phase in our testing program will be to connect the wells to
production test facilities currently on location, pump any formation
water and test potential gas rates and flowing pressures."
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company
focusing on developing non-conventional natural gas reserves. The
Company's primary objective is to create value for the Company's
stakeholders by applying strong technical expertise to projects. The
Company's current focus is on the exploration of the Coos Bay Basin
project in southwestern Oregon, where the Company currently has a land
portfolio that includes over 112,000 acres of prospective land in the
Coos Bay area. For more information please visit
www.torrentenergy.com.
On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
John D. Carlson, President & CEO
Safe Harbor Statement
This news release includes statements about expected future events
and/or results that are forward-looking in nature and subject to risks
and uncertainties. Forward-looking statements in this release include,
but are not limited to, that stimulation results are currently being
analyzed; flow-back and swabbing operations are expected to continue
through the balance of March; and our intention to connect the wells
to production test facilities, pump any formation water and test
potential gas rates and flowing pressures. It is important to note
that actual outcomes and the Company's actual results could differ
materially from those in such forward-looking statements. Factors that
could cause actual results to differ materially include the
uncertainty of the requirements demanded by environmental agencies,
the Company's ability to raise financing for operations, inability to
maintain qualified employees or consultants, potential delays or
obstacles in spudding and interpreting data, and the likelihood that
no commercial quantities of gas are found or recoverable. For more
risk factors about our Company, readers should refer to risk
disclosure in our recent forms 10-KSB and 10-QSB.
KEYWORD: NORTH AMERICA OREGON UNITED STATES CANADA
INDUSTRY KEYWORD: ENERGY COAL OIL/GAS PRODUCT/SERVICE
SOURCE: Torrent Energy Corporation
CONTACT INFORMATION:
Torrent Energy Corporation
Bruce Nurse, 1-800-676-TREN (8736)
info@torrentenergy.com
ein kleines Röslein auf unserem Haufen Mist gewachsen. Hoffentlich wirds morgen nicht direkt wieder zertrampelt.
Mfg
Mfg
Torrent Provides Update on Production Testing Operations at Pilot Projects
SEATTLE--(BUSINESS WIRE)--April 19, 2006--
Torrent Energy Corporation (the "Company") (OTCBB: TREN) announces the following developments from its wholly owned operating subsidiary, Methane Energy Corp. ("Methane").
Upon completion of the recent multi-well nitrogen (N2) stimulation program, Methane moved into production testing operations on both the Radio Hill and Beaver Hill pilot projects in Coos County, Oregon. Production tubing has now been run in all wells and production testing is underway. The Radio Hill #1 well has produced high quality limited methane volumes at stabilized flow rates for a period of nine days prior to being shut in for pump installation. Continuing modest increases in fluid levels in the wellbore have been recorded since the commencement of production testing, however, no formation water has been produced at surface to date from the well during this flow testing phase. A hydraulic pump-lift system is scheduled to be installed on the well before continuing with the production testing and this is expected to enhance the productive capability of the well.
The Beaver Hill #2, #3, #4 and #5 wells have all been swabbed dry after tubing was run in each well bore. Each well has been produced at stabilized rates for various periods of time and each well has produced for a maximum period of at least ten hours prior to the tubing installation. Fluid levels are continually monitored in each wellbore with an Echometer. While fluid inflows have been recorded in a number of the wells, no formation water has been produced to date at surface when the wells have been flow tested. Hydraulic pump-lift systems are scheduled to be installed in each well in the near future.
The Roll'n service rig is scheduled to be on location for another 10 days completing swabbing operations and pump and rod installations and then released from location. Thereafter, the wells will be flowed selectively to facilitate the acquisition of additional production and pressure data.
Sproule Associates Inc. has completed their revised resource assessment for the Methane leases in Coos County and they have increased their base case resource by 11% to a total of 1.2 TCF. In their resource assessment it is assumed that the coal cleat system is water filled, therefore, there was no free gas in the coals associated with this resource assessment. Results in the field, while still preliminary, have indicated that we may be operating in an environment with minimal water production from the various Lower Coaledo coals which could translate into a free gas component and a higher ultimate resource base. The Sproule resource assessment will be posted on the Torrent web site in the near future.
Torrent President and Chief Executive Officer, John Carlson, states, "We see the opportunity for a significant gas resource base in Coos County that has continued to increase in size over time. We are encouraged that each of our pilot wells is capable of producing at sustained gas rates. We will continue with production testing operations during the next few months to further expand our technical understanding of the various Lower Coaledo coal reservoirs. As with all North American coal bed methane projects, instant production results and understanding of reservoir characteristics are seldom the norm and patience is required to develop a complete reservoir and production model for a specific coal basin. We are prepared to stay the course and the early production data, in conjunction with the Sproule resource assessment, supports our plans to continue with further exploratory and development drilling throughout the Coos County Basin during our current fiscal year." Mr. Carlson went on to say, "The Company is developing a significant asset base in Coos County and we look forward to another season of drilling, completion and testing of additional wells in the basin. The Company will further delineate the various coal seams of interest, develop repeatability of the drilling process and optimize drilling and completion operations to ensure the next round of wells are drilled on a more efficient and cost effective basis".
SEATTLE--(BUSINESS WIRE)--April 19, 2006--
Torrent Energy Corporation (the "Company") (OTCBB: TREN) announces the following developments from its wholly owned operating subsidiary, Methane Energy Corp. ("Methane").
Upon completion of the recent multi-well nitrogen (N2) stimulation program, Methane moved into production testing operations on both the Radio Hill and Beaver Hill pilot projects in Coos County, Oregon. Production tubing has now been run in all wells and production testing is underway. The Radio Hill #1 well has produced high quality limited methane volumes at stabilized flow rates for a period of nine days prior to being shut in for pump installation. Continuing modest increases in fluid levels in the wellbore have been recorded since the commencement of production testing, however, no formation water has been produced at surface to date from the well during this flow testing phase. A hydraulic pump-lift system is scheduled to be installed on the well before continuing with the production testing and this is expected to enhance the productive capability of the well.
The Beaver Hill #2, #3, #4 and #5 wells have all been swabbed dry after tubing was run in each well bore. Each well has been produced at stabilized rates for various periods of time and each well has produced for a maximum period of at least ten hours prior to the tubing installation. Fluid levels are continually monitored in each wellbore with an Echometer. While fluid inflows have been recorded in a number of the wells, no formation water has been produced to date at surface when the wells have been flow tested. Hydraulic pump-lift systems are scheduled to be installed in each well in the near future.
The Roll'n service rig is scheduled to be on location for another 10 days completing swabbing operations and pump and rod installations and then released from location. Thereafter, the wells will be flowed selectively to facilitate the acquisition of additional production and pressure data.
Sproule Associates Inc. has completed their revised resource assessment for the Methane leases in Coos County and they have increased their base case resource by 11% to a total of 1.2 TCF. In their resource assessment it is assumed that the coal cleat system is water filled, therefore, there was no free gas in the coals associated with this resource assessment. Results in the field, while still preliminary, have indicated that we may be operating in an environment with minimal water production from the various Lower Coaledo coals which could translate into a free gas component and a higher ultimate resource base. The Sproule resource assessment will be posted on the Torrent web site in the near future.
Torrent President and Chief Executive Officer, John Carlson, states, "We see the opportunity for a significant gas resource base in Coos County that has continued to increase in size over time. We are encouraged that each of our pilot wells is capable of producing at sustained gas rates. We will continue with production testing operations during the next few months to further expand our technical understanding of the various Lower Coaledo coal reservoirs. As with all North American coal bed methane projects, instant production results and understanding of reservoir characteristics are seldom the norm and patience is required to develop a complete reservoir and production model for a specific coal basin. We are prepared to stay the course and the early production data, in conjunction with the Sproule resource assessment, supports our plans to continue with further exploratory and development drilling throughout the Coos County Basin during our current fiscal year." Mr. Carlson went on to say, "The Company is developing a significant asset base in Coos County and we look forward to another season of drilling, completion and testing of additional wells in the basin. The Company will further delineate the various coal seams of interest, develop repeatability of the drilling process and optimize drilling and completion operations to ensure the next round of wells are drilled on a more efficient and cost effective basis".
nachdem Ernst& Young Zweifel am Fortbestehen der Firma äusserten,wurden Sie entlassen,der fällige Report scheint verspätet, der letzte Report ist vom 14.2. und hatte ein extrem erhöhtes Minus,der Chart spricht Bände. Net loss for the period applicable to common stockholders$(7,221,477)davor (1,118,433)
On March 28, 2006, we decided to engage new auditors as our independent auditors to audit our financial statements. Our Board of Directors approved the change of auditors to Peterson Sullivan PLLC, an independent registered firm of Certified Public Accountants. Accordingly, we dismissed Ernst & Young LLP, Chartered Accountants, on March 28, 2006.
On March 28, 2006, we decided to engage new auditors as our independent auditors to audit our financial statements. Our Board of Directors approved the change of auditors to Peterson Sullivan PLLC, an independent registered firm of Certified Public Accountants. Accordingly, we dismissed Ernst & Young LLP, Chartered Accountants, on March 28, 2006.
(Verkleinert auf 96%) 
... danke Kicky, Du wirfst aber auch immer wieder die richtigen Fragen und Infos auf. Beschäftigst Du Dich hauptsächlich mit Rohstoffwerten?? Kann mich noch an den Suncor Energy thread erinnern, der ist ja derzeit etwas verkommen.
Schönes WE ... wünscht engineer68
Schönes WE ... wünscht engineer68
aber der ist nicht mehr so aktuell wie der andere :-)
ariva.de/board/245099?secu=267018
Mfg
ariva.de/board/245099?secu=267018
Mfg
nein wer einen thread eröffnet dem gehört auch das copyright .. ist nun mal so ..
egal ob nun gute news drin stehn oder alte ..
aber wenn die titel klarer wären könnte man alles schneller finden
egal ob nun gute news drin stehn oder alte ..
aber wenn die titel klarer wären könnte man alles schneller finden
ist aber im Grunde genommen mir auch egal, solange jetzt Torrent nen Höhenflug ab 15:30 Uhr startet. Ich wär heut schon mit 50 % zufrieden :-)
Mfg
Mfg
Leute kauft diesen Wert solange er noch unter 3 Euro ist! Bald sehen wir die 5. Total unterbwertet das Ding.
Gruss
TradeOverIP
Gruss
TradeOverIP
naja, hätte mir mehr erwartet, vor allem noch ne Meldung, aber man kann ja nicht alles haben. Mal sehn wies morgen weitergeht.
Heut müssten wir ja erstmal anziehen bis auf den ungefähren Umrechenkurs von 2,33 Euro, danach hängts wieder an denen überm grossen Teich.
Das Papier müsste doch eigentlich bald exlodieren? Oder?
Gruss
TradeOverIP
Gruss
TradeOverIP
FOR IMMEDIATE RELEASE
TORRENT REACHES PROJECT MILESTONE: SUSTAINED PRODUCTION TESTING ON PILOT WELL PROJECT
Seattle, Washington – May 15, 2006 – Torrent Energy Corporation (the “Company”) (OTCBB: TREN) is pleased to announce the following developments from its wholly owned operating subsidiary, Methane Energy Corp. (“Methane”), regarding its natural gas from coal drilling and completion program in Coos County, Oregon.
- First sustained production milestone at Radio Hill location
- Operations continue with minimal formation water
- Evaluating potential market sales options for produced gas
- Expected near term production at Beaver Hill test wells
- Beaver Hill #5 well exceeds Management’s expectations
- Flow test rates expected before the end of July 2006
These past four weeks represent our first sustained production milestone at the Radio Hill Pilot Project. The Radio Hill #1 well is now producing continuously through facilities on the lease site. This equipment includes a hydraulic plunger pump system to lift formation water produced in conjunction with gas flowing from multiple coal seams. Modest volumes of produced water are currently stored on site for future disposal and gas production is delivered into a separator and measured before being piped to a flare stack located on the lease.
The operational strategy at the Radio Hill pilot location is to flare produced gas over the next several months while pursuing market sales options, including a potential connection to the Coos County pipeline system.
Torrent President and Chief Executive Officer, John Carlson, states, “We are very excited about the developments at the Radio Hill location. It’s our first test well that has reached sustained production and it gives us the potential opportunity to generate sales later this year. This is a very significant and important step in our development plan for the Coos Bay project and we look forward to further analysis and testing of gas production from this well in the coming months. It is a positive indicator to achieve sustained production this early in the project timeline when compared to other natural gas from coal projects in the western US and Canada.”
The design of the specific pumping and production equipment for the Beaver Hill #1, #3 and #5 wells has now been finalized. Based upon expected near term production, the Beaver Hill production equipment has been ordered. This equipment will be similar to the Radio Hill location in terms of pumping capability and storage of modest levels of formation water.
“The initial test rates at the Beaver Hill pilot wells are also very encouraging and we hope to bring some or all of these wells into production in the coming months. The Beaver Hill #5 well, in particular, has definitely exceeded management’s expectations during this early stage of testing,” according to Torrent’s President and Chief Executive Officer, John Carlson.
The Company has now finished its originally scheduled completion work on both the Radio Hill and Beaver Hill pilot locations. The Roll’n #14 service rig has been released; however it will be available to Methane on an as needed basis through July.
Mr. Carlson went on to say, “Torrent has achieved significant progress since we acquired the first leases in Coos Bay in the summer of 2004. Since then we have continuously added acreage in this area due to our strong belief in the commercial potential of this basin. We have managed to attract total financings of $20 million to date and drilled 7 test wells in order to prove our initial assessment that gas can be produced from the coal seams in Coos Bay. We are extremely pleased to see continued improvement in initial test rates and increases in shut-in wellhead pressures in all of our wells. We expect to publicly disclose the flow rates of our test wells at the Radio Hill and Beaver Hill locations by the end of July. The promising early production data supports our plans to continue with further exploratory and development drilling throughout the Coos County Basin during our current fiscal year and our next drilling program is scheduled to start later this summer. The modest amounts of formation water encountered to date could suggest that the Coos Bay Basin contains more than 1.2 tcf (trillion cubic feet) of gas in place as indicated in the report by our reservoir engineering consultants.“
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States. The Company’s primary objective is to create value for stakeholders by applying strong technical expertise to projects. The focus of the Company’s Oregon subsidiary, Methane Energy Corp., is on the exploration of the Coos Bay Basin project in southwestern Oregon where the Company currently has a land portfolio that includes over 116,000 acres of prospective land. The Company’s Washington subsidiary, Cascadia Energy Corp., is focused on two projects in southwestern Washington State where it hold substantial lease and lease option commitments.
For more information please visit www.torrentenergy.com.
On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
John D. Carlson, President & CEO
For more information contact:
Bruce Nurse, Corporate Communications
info@torrentenergy.com
1-800-676-TREN (8736)
Safe Harbor Statement This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, that our strategy is to flare produced gas over the next several months while pursuing market sales options, including a potential connection to the Coos County pipeline system; that we have an opportunity to generate sales later this year; that we will have sustained gas production from this well and that this production is a positive indicator for future sustained gas production; that we hope to bring some or all of these wells into production in the coming months; that the service rig will be available to us as needed through July; and that we expect to publicly disclose the flow rates of our test wells at the Radio Hill and Beaver Hill locations by the end of July. that we plan to continue with further exploratory and development drilling throughout the Coos County Basin during our current fiscal year and our next drilling program is scheduled to start later this summer; and that the Coos Bay basin could contain more than 1.2 tcf (trillion cubic feet) of gas.. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the uncertainty of the requirements demanded by environmental agencies, the Company’s ability to raise financing for operations, inability to maintain qualified employees or consultants, potential delays or obstacles in drilling, spudding and interpreting data, and the likelihood that no commercial quantities of gas are found or recoverable. For more risk factors about our Company, readers should refer to risk disclosure in our recent forms 10-KSB and 10-QSB filed with the SEC on Edgar.
Dann hoff ich mal das der Kurs morgen wieder in die andere Richtung geht.
Mfg
TORRENT REACHES PROJECT MILESTONE: SUSTAINED PRODUCTION TESTING ON PILOT WELL PROJECT
Seattle, Washington – May 15, 2006 – Torrent Energy Corporation (the “Company”) (OTCBB: TREN) is pleased to announce the following developments from its wholly owned operating subsidiary, Methane Energy Corp. (“Methane”), regarding its natural gas from coal drilling and completion program in Coos County, Oregon.
- First sustained production milestone at Radio Hill location
- Operations continue with minimal formation water
- Evaluating potential market sales options for produced gas
- Expected near term production at Beaver Hill test wells
- Beaver Hill #5 well exceeds Management’s expectations
- Flow test rates expected before the end of July 2006
These past four weeks represent our first sustained production milestone at the Radio Hill Pilot Project. The Radio Hill #1 well is now producing continuously through facilities on the lease site. This equipment includes a hydraulic plunger pump system to lift formation water produced in conjunction with gas flowing from multiple coal seams. Modest volumes of produced water are currently stored on site for future disposal and gas production is delivered into a separator and measured before being piped to a flare stack located on the lease.
The operational strategy at the Radio Hill pilot location is to flare produced gas over the next several months while pursuing market sales options, including a potential connection to the Coos County pipeline system.
Torrent President and Chief Executive Officer, John Carlson, states, “We are very excited about the developments at the Radio Hill location. It’s our first test well that has reached sustained production and it gives us the potential opportunity to generate sales later this year. This is a very significant and important step in our development plan for the Coos Bay project and we look forward to further analysis and testing of gas production from this well in the coming months. It is a positive indicator to achieve sustained production this early in the project timeline when compared to other natural gas from coal projects in the western US and Canada.”
The design of the specific pumping and production equipment for the Beaver Hill #1, #3 and #5 wells has now been finalized. Based upon expected near term production, the Beaver Hill production equipment has been ordered. This equipment will be similar to the Radio Hill location in terms of pumping capability and storage of modest levels of formation water.
“The initial test rates at the Beaver Hill pilot wells are also very encouraging and we hope to bring some or all of these wells into production in the coming months. The Beaver Hill #5 well, in particular, has definitely exceeded management’s expectations during this early stage of testing,” according to Torrent’s President and Chief Executive Officer, John Carlson.
The Company has now finished its originally scheduled completion work on both the Radio Hill and Beaver Hill pilot locations. The Roll’n #14 service rig has been released; however it will be available to Methane on an as needed basis through July.
Mr. Carlson went on to say, “Torrent has achieved significant progress since we acquired the first leases in Coos Bay in the summer of 2004. Since then we have continuously added acreage in this area due to our strong belief in the commercial potential of this basin. We have managed to attract total financings of $20 million to date and drilled 7 test wells in order to prove our initial assessment that gas can be produced from the coal seams in Coos Bay. We are extremely pleased to see continued improvement in initial test rates and increases in shut-in wellhead pressures in all of our wells. We expect to publicly disclose the flow rates of our test wells at the Radio Hill and Beaver Hill locations by the end of July. The promising early production data supports our plans to continue with further exploratory and development drilling throughout the Coos County Basin during our current fiscal year and our next drilling program is scheduled to start later this summer. The modest amounts of formation water encountered to date could suggest that the Coos Bay Basin contains more than 1.2 tcf (trillion cubic feet) of gas in place as indicated in the report by our reservoir engineering consultants.“
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States. The Company’s primary objective is to create value for stakeholders by applying strong technical expertise to projects. The focus of the Company’s Oregon subsidiary, Methane Energy Corp., is on the exploration of the Coos Bay Basin project in southwestern Oregon where the Company currently has a land portfolio that includes over 116,000 acres of prospective land. The Company’s Washington subsidiary, Cascadia Energy Corp., is focused on two projects in southwestern Washington State where it hold substantial lease and lease option commitments.
For more information please visit www.torrentenergy.com.
On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
John D. Carlson, President & CEO
For more information contact:
Bruce Nurse, Corporate Communications
info@torrentenergy.com
1-800-676-TREN (8736)
Safe Harbor Statement This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, that our strategy is to flare produced gas over the next several months while pursuing market sales options, including a potential connection to the Coos County pipeline system; that we have an opportunity to generate sales later this year; that we will have sustained gas production from this well and that this production is a positive indicator for future sustained gas production; that we hope to bring some or all of these wells into production in the coming months; that the service rig will be available to us as needed through July; and that we expect to publicly disclose the flow rates of our test wells at the Radio Hill and Beaver Hill locations by the end of July. that we plan to continue with further exploratory and development drilling throughout the Coos County Basin during our current fiscal year and our next drilling program is scheduled to start later this summer; and that the Coos Bay basin could contain more than 1.2 tcf (trillion cubic feet) of gas.. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the uncertainty of the requirements demanded by environmental agencies, the Company’s ability to raise financing for operations, inability to maintain qualified employees or consultants, potential delays or obstacles in drilling, spudding and interpreting data, and the likelihood that no commercial quantities of gas are found or recoverable. For more risk factors about our Company, readers should refer to risk disclosure in our recent forms 10-KSB and 10-QSB filed with the SEC on Edgar.
Dann hoff ich mal das der Kurs morgen wieder in die andere Richtung geht.
Mfg
... bitte gern!!!!!!!
Bericht klingt (mal den allgemeinen Schmus abgezogen) doch sehr optimistisch. Dann also gute Nacht und "MAY the power with us"
Bericht klingt (mal den allgemeinen Schmus abgezogen) doch sehr optimistisch. Dann also gute Nacht und "MAY the power with us"
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