American Petro-Hunter updated activities regarding the drilling of the newest Rooney Project Well. This will be the third in a series of development wells to be drilled at the newly discovered oil reservoir in Western Kansas. The well has been identified as the #3 Rooney and is the latest in a series of 10 wells planned for drilling in 2010 at the Rooney Project.
The Company is moving quickly towards a spud date and is in the process of acquiring the requisite surface drilling permit from the State in order to immediately begin site preparations and rig mobilization at the well location. The partners plan to move the drilling rig to a location that directly offsets the producing #24-1 Double H well. This location represents the highest probability of success to drill another producer similar to the Double H well and if the new location intersects similar pay and pressures as the Double H, the two-well combination may be capable of producing 400 Barrels per day when stable rates are achieved.
As the drilling success builds, we plan to continue the program by stepping out in a grid pattern to maximize the oil production potential and maintain reservoir integrity.
American Petro-Hunter remains fully committed to drill at least one well per month in order to develop the newly discovered reservoir at Rooney. Results from 3 hydrocarbon bearing zones encountered in the Shelor test well are currently being analyzed and compared to the suite of electronic well logs which indicate the reservoir trends towards the newly chosen drilling location.
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