Raven Won't Fly for ProspEx

ProspEx Resources Ltd. on Wednesday issued an update of drilling results at the Company's 5-4-36-4W5 "Raven" Swan Hills exploration well.

The 5-4 well has been drilled to the planned total depth and evaluated with wireline logs. The Swan Hills formation, the primary objective of the well, was encountered but a commercial reservoir was not present. Therefore, this section of the well will be abandoned. A prospective Cretaceous target has been identified in the shallower portion of the wellbore, which will be evaluated further with cased hole logs.

ProspEx has a 40% interest in the capital expenditures relating to the drilling of the 5-4 well.

The 5-4 well location is located approximately 10 kilometers northeast of the Caroline Swan Hills "A" Pool. The well had targeted a large prospect in the Swan Hills formation at a vertical depth of approximately 3,500 meters.

ProspEx Resources Ltd. is a Calgary-based junior oil and gas company focused on exploration for natural gas in the Western Canadian Sedimentary Basin.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
U.S. Zanesville: Sr Field Engineer - Directional Drilling
Expertise: Directional Driller
Location: Zanesville, OH
 
United States Canonsburg: Service Manager
Expertise: Customer Service|WellSite Supervisor
Location: Canonsburg, PA
 
Drilling Engineer II Job
Expertise: Drilling Engineering|Petroleum Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours