This was the sixteenth successful gas well out of sixteen attempts by Aspen in this field. Aspen is also in the initial permit phase of a 10 square mile 3-D seismic survey in this area in which Aspen owns a 32% operated working interest.
In the Sacramento Valley, Aspen has drilled 37 successful gas wells out of 40 attempts during the last 4 years (93% success rate) and drilled 45 successful gas wells out of 52 attempts during the last 6 years, a success rate of 87%. Aspen currently operates 63 gas wells and has non-operated interests in 21 additional wells in the Sacramento Valley of northern California and has non-operated interests in approximately 27 oil wells in Montana.
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