Strike Oil announced the successful flow test results from its Duncan 3 well which have significantly increased production at the Rayburn Project in the Gulf Coast, Texas.
Strike Oil has a 22.8% Working Interest in Wharton County's Rayburn Project. The operator is Cypress E&P Corporation.
The flow testing of Duncan 3 has been completed. The well sports a gas rate of 10.1 million cubic feet per day, an oil-condensate rate of 234 barrels per day, a flowing tube pressure of 5,984 psia and a choke size of 17/64 inch.
Two further wells, Gilbert Freeman 2 and 3, are awaiting facilities installation prior to testing commencing.
The firm also released the following drilling update on its Hlavinka Gas Unit 1-1. The well has reached a depth of 7,214 ft (2,199 meters) after setting the 9 5/8 inch intermediate casing at 7,130 (2,173 meters) as planned.
Proposed total depth of the well is 12,200 feet (3,719 meters). The well is expected to take 30 to 35 days from spud (10 July 2008) to reach total depth.
The well, which is targeting Wilcox objectives, is located approximately 9,270 feet (2,825 meters) northeast of the initial discovery well, Duncan 1 and is expected to extend the Rayburn Field boundaries.
"This further outstanding result at Rayburn from Duncan 3 has lifted the gross production from the Rayburn and Mesquite Projects to over 38 million cubic feet of gas per day and 900 barrels of condensate per day," said Strike Oil Managing Director Simon Ashton. "Strike Oil’s net production from its Gulf Coast projects is now 8.8 million cubic feet of gas and 214 barrels of oil-condensate per day.
"With the two wells waiting testing, the current well drilling and the ongoing Gulf Coast drilling program, production will continue to grow from this very exciting program."
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