ZaZa All Smiles over Boening Production
ZaZa Energy Corporation announced an initial production rate for the Company's Boening A-1H (the "Boening") horizontal well located on its Sweet Home prospect in DeWitt County, Texas.
ZaZa Energy Corporation disclosed today that the Boening was drilled to a total measured depth of 18,797 feet, with a 5,163 foot effective lateral section. Under controlled flowback, initial production rates of 669 barrels of oil equivalent per day (boepd), or 264 barrels of oil and 2,434 million cubic feet of natural gas, on a 12/64" choke, were achieved. From a four point test analysis, an absolute open flow rate of 1020 boepd, or 420 barrels of oil and 3,600 million cubic feet of natural gas were calculated.
Commenting on the announcement, President & CEO of ZaZa Energy Corporation Todd A. Brooks stated, "We are very pleased with the initial results from our Boening well. Today's results enable ZaZa to be confident in its Sweet Home prospect and we can now move from proof of concept to the development of this acreage. As such, we have made the strategic decision to pursue a straightforward cash and carry joint venture, with flexibility regarding operations for the prospect. ZaZa has high-graded its Sweet Home acreage into 12 tier one developmental units and we look forward to spudding our next well in DeWitt County."
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