Ambra Resources Group Inc. Announces Geological Report; Thunderbird Update.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 17, 2002 Publicly Traded Ambra Resources Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABRG) announces drilling update on the Thunderbird thunderbird In North American Indian mythology, a powerful spirit in the form of a bird that watered the earth and made vegetation grow. Lightning was believed to flash from its eyes or beak, and the beating of its wings was thought to represent rolling thunder. Unit, Well No. 1 in Karnes County, Texas Karnes County is a county located in the U.S. state of Texas. As of 2000, the population is 15,446. Its county seat is Karnes City6. Karnes County is named for Henry Wax Karnes, a soldier in the Texas Revolution. Geography According to the U.S. . The following report was received from the Operators Geologist: Went to the well on Friday night for the initial flow back and cleanup. The tubing had been run and the heavy mud had to be circulated from the space between the casing and the tubing (backside BACKSIDE, estates. In England this term was formerly used in conveyances and even in pleadings, and is still, adhered to with reference to ancient descriptions in deeds, in continuing the transfer of the same. property. or annulus annulus /an·nu·lus/ (an´u-lus) pl. an´nuli [L.] anulus. an·nu·lus or an·u·lus n. pl. an·nu·lus·es or an·nu·li A circular or ring-shaped structure. ) and then up through the tubing and out into the reserve pit. This was accomplished by slowly pumping water down the backside. The mud flowed mud flow Noun the rapid downhill movement of a mass of mud, typically in the shape of a tongue back OK and the fluid column eventually "lightened up" enough for the well to start to flow. The well flowed in "heads", at around 1400-1600# on a 24/64" choke. The flow would stop, start again -- looking like a garden hose and then increasing to where it looked like a waterfall coming across the shaker Shaker Member of the United Society of Believers in Christ's Second Appearing, a celibate millenarian sect. Derived from a branch of the radical English Quakers (see Society of Friends), the movement was brought to the U.S. . All the time, we were burning off a 30' flare, which Richard estimated at around 5,000 MCFGPD. We had no way of accurately gauging the flow rate of the fluid, but I would say 1,000 to 2,000 barrels of oil and muddy water per day. After about an hour of picture taking, hooting and hollering, we felt that the mud had been cleaned up pretty good and we were wasting oil, so we decided to shut the well in. The pressure increased to 2,360# on Saturday morning and by Monday morning it was 2,450# (Shut-in pressure). We will have an extended flow test after the rig has been moved off, probably sometime next week. But to find out how good the well really is, we will have to produce it for a couple of weeks. This won't happen for another month, because we have to get a pipeline connection. It looks like our best option is into a line that is about two miles away and this will require obtaining right-of-ways and of course, laying the line. In conclusion, I think we have a good well, but we will not know for sure how good it is until we produce the well. Further updates will be released over the next few weeks as work progresses. By the Board of Directors Ambra Resources Group Inc. |
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