In Well SA-5, 190 feet of well bore cores through the major reservoir intervals of the KT1 and KT2 sections have been obtained. The core samples taken through the potential reservoir intervals showed oil bearing rock which we believe confirms the presence of high quality reservoir intervals in this well. The current drilling program includes 2 more wells to be cored in this manner to facilitate reservoir evaluation and the planning for field development.
"At present, we believe that the pace of the current drilling program should give us 4 new wells this year to bring the total well count to 7 wells which would satisfy our forecast for this year," commented Lorrie Olivier, Chairman and CEO. "And we would like to escalate this current drilling pace next year with the additional sales capacity provided by our pipeline connection."
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