American Petro-Hunter advised that events are underway and momentum is building in the development of the newly discovered Kansas oil reservoir and an immediate intent to drill the next in the planned series of wells at the Rooney Project.
Current operations at the reservoir test well are undergoing a series of studies and the partners have elected to take advantage of the favorable conditions, motivated field team and ample equipment at hand in order to exploit the constantly growing understanding of the underlying geology of the oil pool at Rooney.
Therefore, it has been determined to immediately move the rig to a previously identified target that offsets the producing #24-1 Double H well and to continue the program stepping outwards from the producer. The Company has stated it is fully committed to drill at least one well per month in order to develop the newly discovered reservoir at Rooney and is very pleased to announce that Management is in discussions with the operator and partners regarding the timing and production requirements of upcoming target locations at the project.
Drilling operations at the new well could be underway very shortly, and if successful, the Company plans a rapid tie-in to existing infrastructure. Should everything move ahead as proposed, this latest project in the 10-well program has the potential to be generating revenue by early April.
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