Turner Valley Reports First Oil from Mississippi Well
Turner Valley Oil and Gas Inc. said that the first well in Mississippi (CMR-USA 39-14) in which it has a stake has been successfully drilled to 3,200 feet and has 24 feet of pay zone which is now flowing natural gas. The Company's natural gas is tied into an existing pipeline and compression infrastructure and is then sold into the main Enbridge line, which is a main feeder line to the Eastern Seaboard. Due to high BTU factors this gas sells at a premium to Henry Hub Pricing.
A drilling rig has now been moved onto location and has spud the first test well into the potentially high impact Wilcox formation. Further updates will be made available once the operator has reached total depth (TD) in approximately 18 days. If gas, oil or both are present in this formation at produceable rates, geophysical data, including extensive 3D seismic, indicates over 1000 acres of ariel extent which would have a significant and positive impact on the Company's valuation of these reserves.
Turner Valley Oil and Gas Inc. holds a 10 % gross working interest in a 50 well drilling program in Mississippi and Louisiana. The Company's Operator is Griffin and Griffin LLC of Jackson Mississippi, a long-standing and respected oil and gas exploration Company in this region.
Turner Valley Oil and Gas is an emerging oil and gas company focused on exploration for, development drilling for, and transmission facilities for the production and sale of oil and gas. Turner valley is focused on increasing production by means of continuing acquisitions, development projects and exploration drilling within a joint venture framework.
- Turner Valley Reports First Oil from Mississippi Well (Jan 04)
- Turner Valley Begins Drilling Strachan Gas Well in Alberta (Oct 18)
- Turner Valley Oil Completes Phase 1 at its Karr Property (Jan 20)
Company: Griffin & Griffin Exploration more info
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