The Washington-based company has elected to participate for a 50% working interest in a 2,500 foot test of a Miocene sand. The Richter No. 1 Well will test a low-risk, 3-D seismic-supported shallow amplitude anomaly at a depth of 2,500 feet. This seismic hydrocarbon indicator (HCI) is analogous to an identical HCI located 2 miles south on the same structural ridge, which was tested productive by the Sun-Burleigh-Miller #5 Well in a down-dip position.
A pipeline is located approximately 2 miles from the proposed well location. South Louisiana spot gas prices are anticipated.
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