Topaz Resources announced that a 3-D seismic survey that includes its Barnett Oil project area in Montague County in North Texas has been completed.
The survey was undertaken in part under agreement between Topaz and its partners and EOG Resources who undertook the 3-D seismic survey of extensive acreage in Montague County, which includes the Topaz Barnett Oil properties. Under terms of the agreement, Topaz and its Partners can acquire the 3-D seismic data applicable to its acreage to assist in determining the location and design of its horizontal well program.
"We are very pleased to have the 3-D seismic survey undertaken and completed by EOG, a large independent oil and gas company with significant experience and expertise in the Barnett formations of North Texas," stated Ted Munden, President and CEO of Topaz Resources. "High quality 3-D seismic data is extremely important to be able to select the best locations and to make the best designs for drilling horizontal wells in the Barnett formation. Analysis, processing and interpretation of this data will enable us to commence the drilling of our next horizontal well during Q3, 2010."
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