The Kenai # 3 rig began drilling the South Buckeye 1-18 well on October 24th and has drilled to a depth of approximately 2,003 feet and in the process of setting surface casing. The drilling is expected to take approximately 15 days to reach a total depth of 9,400 feet.
The South Buckeye 1-18 well is targeting gas bearing stratigraphic traps in the Forbes formation, a prolific gas reservoir in the region, and the prospects are analogous to the gas discoveries made at the Larner 1-12 and 2-12 wells which are both currently on production. The South Buckeye prospect is less than 10 miles from the Larner wells.
Orchard is the operator and is partnering in this drilling program with Livingstone Energy Inc., a wholly-owned subsidiary of Livingstone Petroleum Ltd.
Immediately following the drilling of the South Buckeye prospect, the rig will be moved to the Heavenly 2-28 well. The Heavenly prospect is also expected to take approximately 15 days to reach a total depth of 9,600 feet.
Participants in South Buckey 1-18 are Orchard Petroleum as operator with 50% and Livingstone Energy with the remaining 50%.
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