Opal Energy Reports Progress in South Texas Exploration

Opal has completed initial production tests after successful drilling and completions operations on the Swickheimer #1 well located in Goliad County, Texas.

The well was drilled to a total depth of 4,890 feet and logged indicating approximately 34 feet of gross sand in the target interval. The initial production rate was 669 mcf per day on a 10/64 choke with 1,260 psig flowing tubing pressure.

Currently, Opal is tying the Swickheimer #1 well into the regional pipeline. Opal has a working interest of 82.5% and a net revenue interest of approximately 62%.

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