"We are pleased to announce that since deepening the West Short Junction Unit (WSJU) #73 well a total of 254 feet in August and subsequently completing the Harrigan, Henryhouse and Chimney Hill formations, the well has sustained an increase in production of an additional 15 barrels of oil per day (BOPD) with a current daily average of 22 BOPD. EnDevCo should be able to substantially increase its proved reserves and daily oil production in the near term by deepening more of our existing wells to maximize conventional vertical production from the Hunton Group reservoirs," said Dick Boyce, Chief Operating Officer.
EnDevCo is currently drilling on WSJU #206 to perform a similar deepening operation. Additionally, the WSJU #206 also contains untapped Prue and Lyle sand formations that will be completed along with the Hunton Group reservoirs in that well. This will be the second Prue sand completion in the Field since the initial discovery in April at the #1 E. Kelly (WSJU #44) well that established the Prue sand as a productive interval.
The Company is also in the early stages of planning a 3D seismic survey which is scheduled to be acquired during 2007 which will be used to guide a horizontal drilling program to completely exploit the Hunton reservoir potential.
EnDevCo, Inc. is a dynamic and growing energy company establishing an identity consistent with its business development activities. EnDevCo maintains offices in Houston and Dallas, Texas.
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