Southern Star Energy Inc. spudded its fourth Cotton Valley well in its Sentell Field Development project, located in the Bossier Parish, Louisiana. The well will be drilled to a total depth of 9500 feet. The Company plans to study several formations including the Nacotoch, Paluxy, Petit, Rodessa and Hosston between 1,000 feet and 5,900 feet before encountering its primary objective targets in the Cotton Valley formation. The Company expects to evaluate several unproduced potential hydrocarbon bearing intervals within the Cotton Valley between 8,100 feet and 9,500 feet.
The Company anticipates reaching total depth on the Rendall 7-2 on or about March 15, 2008. The Company intends to spud its fifth Cotton Valley well, the Atkins-Lincoln 17-1 immediately following the Rendall 7-2. Completion operations for the Rendall 7-2 are expected to commence in early April with the completion of the Atkins-Lincoln 17-1 anticipated immediately thereafter.
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