American Petro-Hunter reported that the No. 1 Well at the "North Oklahoma Oil Project" is to go into production as a commercially viable oil well.
Recent efforts have concluded with a successfully perforated, acidized and swab tested well with 38 feet of pay. The operator plans to fracture stimulate the pay zone based on a comparative assessment of swab results, pressures and flow rates to analog wells that present similar reservoir characteristics located in the area. The engineers have concluded that implementation of the stimulation program should result in an I.P.R. (Initial Production Rate) in excess of 350 barrels per day.
The project is located in a historic oil & gas district of northern Oklahoma. The Company anticipates production of high gravity light oil above 3800 feet to begin in mid-June 2010. The play has the potential for a multi-well program that could see the drilling of up to 8 additional wells on 40 acre spacing in the field.
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