Aspen Exploration Hits Natural Gas Again



Aspen Exploration has drilled a new gas well located in the Sacramento Valley gas province of northern California.

The Morris #12-4 well, located in the West Grimes Gas Field, Colusa County, California, was drilled to a depth of 8,007 feet and encountered approximately 115 feet of potential gross 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 fifteenth successful gas well out of fifteen attempts by Aspen in this field. Aspen plans to drill two additional wells in this field this year on its 10,000 plus acre leasehold. Aspen has a 21% operated working interest in this well.

A drilling rig will be moving to the WGU #15-14 well, located in the West Grimes Gas Field, Colusa County, CA in approximately 3 days. An additional drilling rig will be moving to the Bidart Bros. 63X-28, a 7,800 foot Stevens oil test, located in Kern County, CA, in early August.

In the Sacramento Valley, Aspen has drilled 35 successful gas wells out of 37 attempts during the last 3 1/2 years (95% success rate) and drilled 43 successful gas wells out of 49 attempts during the last 5 1/2 years, a success rate of 88%. Aspen currently operates 61 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.

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