American Petro-Hunter announced that the NOS227 Well at the North Oklahoma Project located in Payne County, Oklahoma has spud and the well is drilling ahead.
It is anticipated that NOS227 will reach its planned depth of 4,000 feet in seven days. As previously reported, the primary objective is the productive Woodford and Mississippi Formations with secondary opportunities identified in the Miesner and Skinner Sands. The location exhibits the potential for 80 plus feet of pay from the known productive formations which offset to the northwest and southeast.
American Petro-Hunter is currently producing oil from the Woodford and the Mississippian at its No.1 and NOJ26 wells. The new NOS227 is a direct offset to the recently completed commercial oil well at the NOJ26 location and takes advantage of a favorable oil producing geological trend up dip and to the west offsetting existing production.
A successful Mississippian-Woodford well with comingled production from both formations is estimated to offer a 150-250 BPD potential. American Petro-Hunter has a 50% interest in the well.
Company President Robert McIntosh stated, "The NOS227 location offers targets in the Mississippian and Woodford formations which are the current focus of all the considerable recent E&P excitement in Payne County. As the play in Northern Oklahoma unfolds throughout the year ahead, we anticipate announcements of big discovery wells from horizontal drilling in the area that rival some of the early Bakken Play results. The Company is strategically positioned with leases and locations that have prime Mississippian-Woodford access that will allow us to participate with drilling operations right in the heart of the play."
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