American Petro-Hunter announced that drilling operations have commenced at the NOS227 Well at the North Oklahoma Project, Payne County Oklahoma.
The well has been designated NOS227 and will be drilled to a planned depth of 4,000 feet. NOS227 will be a vertical well that is a direct offset to the recently completed commercial oil well at the NOJ26 location. The new well location is taking advantage of a favorable oil producing geological trend, and is up dip and to the west offsetting the existing production.
The productive Woodford and Mississippi formations are the primary objectives of the well with secondary potential in the Miesner and Skinner Sands. It is anticipated to take 10 days to reach the total depth (T.D.) after which any prospective oil shows will be tested. A successful Mississippian-Woodford well with comingled production from both formations is estimated to have a 150-250 BPD potential. American Petro-Hunter has a 50% interest in the well.
The NOS227 Well is scheduled to be the last vertical test the Company is planning, as our 2011 development plan calls for horizontal wells in the future. Recent horizontal successes in the Mississippian and Woodford by other E&P companies active in Payne County have provided valuable information regarding the potential of these two prolific formations for horizontal oil and gas potential. The Company will be providing regular updates as data comes in from ongoing field and development operations.
Company President Robert McIntosh stated, "We are pleased to be moving forward with our next well in Oklahoma and have embarked on an aggressive 2011 drilling schedule. Delays in commencement at NOS227 were due to almost unprecedented snowfall and related weather issues on the leases throughout the month of February. Now that spring conditions are upon us, we are returning to our scheduled activities and plan on having NOS227 in production, assuming a commercial success, later this month."
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