The initial well depth is currently at around 11,900' and should reach the proposed total depth of 15,300' within 20-25 days. The zones to be tested by the initial well have possible reserves of up to 50 billion cubic feet equivalent of gas (BCFE).
Brammer Engineering, Inc. of Shreveport, LA is the engineering manager of the gas exploration project in eastern Calcasieu Parish, Louisiana and is managing drilling operations conducted by Grey Wolf, Inc. (AMEX: GW) of Houston, TX for the initial test well.
Bontan will continue to release weekly reports during the drilling period, with other announcements as operational activities dictate and upon achieving target depth.
Most Popular Articles