American Petro-Hunter has announced that the #1 Lutters Well oil well on the Poston Prospect, Trego County, Kansas, has encountered both oil and gas in Drill Stem Tests (D.S.T.) over a 46 foot interval. The oil encountered was excellent quality 35 degree light oil and tests resulted in 65% oil cut with 10% gas and mud with no water.
With these very favorable test results, the Company has made a casing election to set pipe following well logging. All preliminary indications are that the #1 Lutters Well will be a commercially viable oil well. Further calculations and tests will be conducted to determine the potential daily production rate that the well is capable of. The Company will announce further results as soon as they are available from the field.
About the Prospect
The #1 Lutters well targeted oil in the Mississippi Dolomite and/or Cherokee sands. The location shows a significant 3D Seismic anomaly pinpointing an oil bearing zone. In addition, the 750 acre lease block has the potential for a multi-well program with 2 to 3 offset locations possible to fully exploit the acreage. Engineering estimates of the potential production from the indicated pay zone is between 35 and 100 barrels per day from a successful well. Full development of the field could produce up to 400 BOPD of light oil. There is excellent transportation and support infrastructure in the area easily supporting a requisite storage tank battery at the location.
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