Aspen Exploration Hits More Gas Pay in Sacramento Valley

Aspen Exploration Corp. on Monday said that it has drilled a new gas well located in the Sacramento Valley gas province of northern California.

The WGU #15-13 well, located in the West Grimes Gas Field, Colusa County, California, was directionally drilled to a depth of 8,300 feet and encountered approximately 50 feet of potential gas pay in several intervals in the Forbes formation. Production casing was run based on favorable mud log and electric log responses. This was the fourteenth successful gas well out of fourteen attempts by Aspen in this field. Aspen plans to drill three additional wells in this field this year on its 10,000 plus acre leasehold. Aspen has a 21% operated working interest in this field.

The drilling rig is now moving to the Reason Farms #18-1 well, located in the Grimes Gas Field, Sutter County, CA.

In the Sacramento Valley, Aspen has drilled 33 successful gas wells out of 34 attempts during the last 3 1/2 years (97% success rate) and drilled 41 successful gas wells out of 46 attempts during the last 5 1/2 years, a success rate of 89%. Aspen currently operates 59 gas wells and has non-operated interests in 21 additional wells in the Sacramento Valley of northern California and has non-operated interests in approximately 33 oil wells in Montana.