Topaz reported it has reached the targeted depth of its Barnett Shale well located in the "oil" leg of the Barnett shale formation in North Texas.
"We are pleased to report that we have finished drilling this first of three Barnett Wells to a Total Depth of 7740 feet into the Barnett shale formation as part of the Drilling Program we announced earlier this summer," stated Bob Lindsay, COO of Topaz Resources. "During drilling, we encountered good oil and gas shows in the Barnett and shallower formations. We now are running and analyzing electric logs to assess the productive capabilities of these formations, the results of which we will announce shortly."
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