Zapata commenced its 10 well East Central Alberta oil drilling program mid September. At September 30, 2009 two of the wells have been drilled. Each well has encountered oil in the primary target. In addition, secondary zones were identified for future development. This program will be eligible for the Alberta drilling incentive.
The first well was perforated and was swab tested at an average production rate of 100 bbl/day. Completion is underway on the second well and the third well is drilling. The 10 wells are expected to be drilled by mid November.
Another 10 well oil drilling program and 3D seismic surveys are being planned for Zapata's extensive land holdings in this core oil producing area.
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