American Petro-Hunter announced that the Company's 3rd horizontal well in North Oklahoma has concluded drilling operations in the Mississippi Lime formation and has begun the completion phase as the next and final step prior to commencement of commercial oil & gas production.
The NOM-3H drilled a total of 1,988 feet in the horizontal well segment penetrating into the 100 plus foot thick Mississippi pay zone. Excellent oil & gas shows were encountered across the entire length of the lateral portion of the well, including extensive fractured zones which are critical in the Mississippi Lime in order to ensure commercial quantities of oil & gas.
Production infrastructure is also undergoing completion with pump equipment, tank facilities and a gas feed to pipeline hookup currently under construction. A frack crew has been contracted and will commence operations following the installation of a permanent electrical service. The NOM-3H well is anticipated to be in commercial production by month-end and will bring the Company to a total of 8 producing wells by mid 1Q 2012.
As reported earlier, the NOM-3H well will be the first well in the program to undertake a completion procedure using a submersible pump immediately after the well is fracked. A similar completion technique on a neighboring well resulted in immediate outstanding production for both oil and gas. That particular well was drilled and completed using the same technology and procedures currently undertaken in the development of the North Oklahoma Mississippi acreage owned by American Petro-Hunter.
The Company currently owns an interest in approximately 6,000 acres in the area which is known as one of the hottest horizontal oil plays in the continental United States. Approximately 20 horizontal wells have now been drilled in the immediate area of American Petro-Hunter's leases producing from both the Woodford Shale and the Mississippi Limestone. Both of these formations are oil producers with very high BTU wet natural gas.
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