American Petro-Hunter announced the commencement of drilling at the NOW-2H horizontal oil well at the Company's North Oklahoma Mississippi Project. The drill rig has arrived onsite and spud activity commenced immediately.
As previously reported, the NOW-2H horizontal well is a direct 160 acre offset to, and ½ mile from, the producing NOM-1H. Once the Mississippi formation reservoir is reached vertically, the subsequent directional drilling will involve a 1,600-foot lateral leg drilled directly along the over 100-foot-thick limestone of the Mississippi formation pay zone.
Drilling should take between 15-18 days to reach total depth (T.D.), after which the Company confidently anticipates a rapid program to complete the well. The current objective is to have the NOW-2H pumping to the existing tank battery and gas pipeline by the end of October.
Company President Robert McIntosh stated, "The NOW2-H well is the second of 11 wells to be drilled in the flourishing North Oklahoma Mississippi Lime Play which is rapidly becoming one of the premier oilfields in the country. With literally 100s of horizontal wells drilled and already producing, reservoir development in this region of the mid-continent is moving forward and creating news virtually every day." Mr. McIntosh continues, "American Petro-Hunter enjoys an enviable position with access to some of the best leases in the entire play and the Company is committed to an aggressive drilling schedule with plans to start a new well every 60 days so that we can maximize net production as quickly as possible."
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