American Petro-Hunter, Inc. announced Monday that the drill program has commenced on the Shelor 23-2 well location at the Rooney Project, located in Ford County, Kansas. The drilling rig has arrived on the lease and the well is set to spud immediately.
The Shelor 23-2 well is the second oil well to be drilled at the project and is part of our goal to drill one well per month in order to develop the newly discovered reservoir at Rooney. The Shelor location is up-dip and North West from the #1 Double H producing well and is planned for a total depth (T.D.) of 5,400 feet. It is expected to take approximately 7 days to reach the T.D. after which any prospective oil shows will be drill stem tested. In the event of a second commercial producer, the Company plans a rapid tie-in to the existing infrastructure at the Rooney lease.
The Rooney Project is located in southwestern Ford County, Kansas, 20 miles due south of Dodge City and totals 7,040 acres adjacent to the north edge of existing Morrow Sand oil and gas production. The initial discovery well, #24-1 Double H commenced commercial production from the Mississippian reservoir in January. The potential barrels of oil associated with the discovery well and underlying oil pool are currently estimated at 500,000 barrels. The Company and partners have developed a minimum of 10 target locations to drill that could add 10 additional wells to our portfolio by the end of the fourth quarter of 2010 at a planned drilling schedule of one new well per month. The operator of the project is S&W Oil & Gas, LLC of Wichita, Kansas. The purchaser of the oil production at Rooney is N.C.R.A. of McPherson, Kansas.
American Petro-Hunter, Inc. is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County, Kansas and at the Rooney Project in Ford County, Kansas.
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