Rialto Energy Is Certain of 40MiIlion “Scuf” - Africa’s premier report on the oil, gas and energy landscape.

Rialto Energy Is Certain of 40MiIlion “Scuf”

It’s the kind of volume considered by major oil companies to be suboptimal, but Rialto Energy is delighted by the certainty that initial gas production from its Gazelle field in Cote d’lvoire will be around 40 million standard cubic feet of gas per day (MMscf/d). The figures were calculated from the wireline data obtained from UC-5 reservoir in Gazelle P-4, the company’s latest well on the field. There has been no test. Rialto says that 40MMcf/d is “material contribution to the target 100MMcfd for the proposed Gazelle Field gas development plan.

“Gazelle P-4 has provided three key oil/gas water contacts at this step out location and provided critical data to reduce volumetric uncertainty across the field”. This allows the company to complete volume estimates for the revised Competent Person’s Report for the Gazelle Field that is expected to be ready in late October 2012.

“The data from P-4, P-3 S/T 1 and P-3 S/T 2 wells will be used along with information being provided by the processing of the 3D seismic to better refine the field development plan. It will also be used to upgrade the exploration prospectivity of analogous reservoir targets across the Cl-202 Block”, the operator explains.

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