American Petro-Hunter Spuds Well in Oklahoma
American Petro-Hunter announced the commencement of drilling operations and the spud of the NOJ26 Well at the North Oklahoma Shale Oil Project. Surface casing has been set and the operator reports that drilling is moving ahead.
The planned T.D. (total depth) of the well is 4,000 feet and is anticipated to intersect multiple objectives that include the primary oil shale along with excellent potential in the Simpson and Wilcox formations.
The Company is satisfied that the multiple objectives considerably minimize risk given the three potentially productive formations and will significantly increase the overall data to be gained regarding shale response to acidization and fracturing. Once this well is drilled, completed and put into production, the Company intends to immediately move forward and implement plans for the commencement of operations at the previously announced horizontal well destined for a nearby location within the property.
NOJ26 will incorporate extensive oil shale analysis tests in order to optimize the stimulation program in order to maximize commercial production. If the stimulation procedure returns flow rates as suggested by preliminary data, it is estimated that the well could potentially be a 200 plus BDP producer. American Petro-Hunter is a 50% partner in the well.
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