Blaze Expects to Drill Ten Fayetteville Shale Wells by Year End
Blaze Energy expects ten wells to be drilled in the Fayetteville Shale play by the end of the year, based on the plans of its Operating Partner. Of the ten wells, Blaze Energy has already paid their portion of drilling fees in the partnership on four of the wells. The funding for Blaze Energy's portion of the remaining six wells is available and ready to be transferred when ready. Blaze Energy expects to have an interest in over 1000+ wells upon completion -- with 2008 drilling expected to grow more than ten times the 2007 drilling plan.
"The momentum in the Fayetteville Shale play is quickly escalating," said Mike Thompson, President of Blaze Energy. "We are eager to ensure Blaze Energy satisfies the investment efforts of our shareholders, and we have great expectations that shareholders will see positive results on several wells by years end."
Blaze Energy is an independent oil and gas exploration and production company. Its main asset is in the Fayetteville Shale natural gas play where the company participates in over 45,000 gross acres of exploration. Blaze Energy believes that the Fayetteville Shale field represents one of the most promising unconventional gas finds in the United States.
Blaze Energy's participation in the Fayetteville Shale began last month with its first well, and will send out results as they become available. News will likewise be distributed as the drilling begins on new wells.
Blaze Energy is a natural gas exploration and production company. Blaze Energy is primarily engaged in the Fayetteville Shale gas project in Arkansas, through working interests that it owns in acreage blocks in Van Buren, Cleburne and Conway counties.
- Blaze Increases Production, Expects to Reach 2008 Drilling Goal (Oct 29)
- Blaze Connects a Total of 9 Fayetteville Shale Wells for Production (Mar 10)
- Blaze Energy Mounts Additional Production at Fayetteville Shale (Feb 13)