Forest Gate Energy has mobilized a rig, Basic Energy Services Rig No.1474, at its discovery well located on its Crescent Junction property near Green River, Utah, for production testing of the four shallow oil zones listed below:
Forest Gate holds a 50% working interest in this well, located in Section 3, T22S-R19E, approximately 29.8 miles East of Green River, Grand County, Utah.
Production casing was run to a depth of 1,100 feet for production testing of the four shallow oil zones listed above. Good, clean porosity was noted in each of these zones, with the hydrocarbon described as good-quality, light sweet crude, 35 - 40 API oil. Production testing will commence on Monday, March 8, 2010, and results are expected by March 19, 2010. Both the Brushy Basin and Lower Salt Wash zones have been producing oil for many years in the Cisco Dome field located approximately 20 miles east of the well.
"Our initial target has provided us with our first potential oil production in this area of Utah", said Don Vandergrift, Forest Gate's President and Chief Operating Officer. Test results will also be beneficial for planning our next phase of operations as we move forward."
Forest Gate currently owns oil licenses in 121,000 gross acres in Utah, and also has an option to acquire other oil licenses in an additional 135,505 gross acres in Utah.
All figures included herein have been reported by Mr. Don Vandergrift, President and Chief Operating Officer of Forest Gate Energy Inc.
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