Oilexco also announces that it has exercised its option with Transocean Offshore for a third well to be drilled by the J.W. McLean. This well will be the next appraisal well to the "Brenda" oil accumulation. The well location will be 1.1 kilometers southwest of the 15/25b-6 well.
Arthur Millholland, President, comments that "this is a strong test result". The "Brenda" well has higher flow rates than the original abandoned 15/25b-3 discovery. Additionally, while being flow tested through a smaller choke, the Oilexco 15/25b-6 well flowed with double the flowing pressure of the original 15/25b-3 well. Mr. Millholland also comments that "wells similar to 15/25b-6 have had initial production rates in excess of 10,000 bbl/d when produced with the assistance of artificial lift". Ultimate potential production rates for "Brenda" will be best forecasted after full appraisal has been completed.
Oilexco owns a 100% interest in this field.
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