The well will be drilled is to a depth of approximately 7,000 feet. This well is offset approximately 1,200 feet to the northwest of the Cooke No. 3 discovery well, which was placed into production in November 2005 The location appears favorable to encounter the Wilcox and Escondito formations. The well is estimated to require 2 weeks of drilling.
Maxim holds a 9.5 per-cent working interest in approximately 8800 acres.
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