Fremont Petroleum Corporation Ltd (ASX: FPL) (“Fremont” or “the Company”) advises that flow back operations are progressing on the J.W.Powell #23-25 well.
The flow-back program is designed to recover ~30% of the hydraulic stimulation fluids that were injected into the Niobrara Formation as a part of the fracking process. Typically at the 30% mark, a productive reservoir will start to produce oil and gas, and the water cut diminishes over time.