American Petro-Hunter announced that as part of an ongoing drill program at the North Oklahoma Project in Payne County, Oklahoma, the latest oil well identified as NOS227 was drilled to a T.D. (total depth) of 3,820 feet and has been categorized as commercially viable.
NOS227 cut all three objectives as planned, these being the Mississippi of 85 feet, Woodford Shale of 45 feet and the lower Simpson of 4 feet. All three zones contain oil shows and following a suite of electronic logs, have the requisite permeability and porosity to produce oil in commercial quantities such that an immediate casing election was made.
The productive Woodford and Mississippi Formations were the primary objectives of the well and both thick sections of pay will be completed along with the lower pay in the Simpson formation. Based on an engineering analysis of the well and logs, the Company believes the possibility of a Mississippian-Woodford well with comingled production from both formations is estimated to have a 100-150 BPD potential. American Petro-Hunter has a 50% interest in the well. An update regarding completion plans and timing will be released shortly as the Company plans to expedite the process in order to meet the rigorous drilling timetable for 2011.
As reported earlier, recent horizontal successes in the Mississippian and Woodford by other E&P companies active in Payne County has provided valuable information as to the potential of these two prolific formations for horizontal oil and gas potential. It has been confirmed on leases controlled by the Company that the combined 125 feet of Mississippi-Woodford is a highly attractive horizontal candidate.
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