American Petro-Hunter Reaches Total Depth at Poston Prospect
American Petro-Hunter announced that the #1 Lutters Well oil well on the Poston Prospect, Trego County Kansas has reached total depth (T.D.) at 4,400 feet. The well is currently being logged and analyzed for prospective oil shows and the Company anticipates information to be forthcoming from the field very shortly.
About the Prospect
The #1 Lutters well was planned for a total depth of 4,500 feet. The well is targeting oil in the Mississippi Dolomite and/or Cherokee sands. The location shows a significant 3D Seismic anomaly pinpointing a probable oil bearing zone. In addition, the 750 acre lease block has the potential for a multi-well program with 2 to 3 offset locations possible to fully exploit the acreage. Engineering estimates of the potential production from the indicated pay zone is between 35 and 100 barrels per day from a successful well. Full development of the field could produce up to 400 BOPD of light oil. There is excellent transportation and support infrastructure in the area easily supporting a requisite storage tank battery at the location.