American Petro-Hunter announced the spud of the NOM1H Horizontal well at the Company's North Oklahoma Project. Drilling commenced May 18 with the setting of surface casing and the well is drilling ahead.
This is the Company's first horizontal well and is the inaugural well in a planned series of horizontal wells designed to exploit the 100-foot thick limestone known as the Mississippi Formation. The NOM1H well is expected to take several weeks to reach its engineered total depth, following which it will undergo a period of testing and evaluation.
As reported earlier, the Mississippi Formation has been the focus of intense drilling and development activity which has seen large numbers of horizontal wells drilled, completed and put into production by companies such as Sandridge and Calyx in recent months. Exploration and development activity in the area is extremely competitive and publically disclosed information regarding oil and gas production rates of ongoing and recently drilled horizontal wells is regarded as tightly held information. The Company will endeavor to update stakeholders on a timely basis with drilling results as such information becomes available from the operator.
Company President Robert McIntosh stated, "With the spud of the NOM1H well, the Company has implemented what we hope to be the first of many horizontal oil wells that will exploit and develop our acreage at the North Oklahoma Project. Over the coming weeks, the potential of the well will dictate subsequent development and is a cornerstone to our overall strategic plans for the project."
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