American Petro-Hunter Spuds Rooney Well In Kan.
American Petro-Hunter, Inc. on Thursday announced that drilling operations have commenced at the #24-1 Double H Oil Well site on the Rooney Prospect, Ford County, Kansas.
The drilling rig is scheduled to arrive within 24 hours and is slated to spud the well November 15th. The 5,400 foot test well targets Morrow Sand oil production deemed favorable for its presence on the lease. It is anticipated to take 7 days to reach the total depth (T.D.) after which any prospective oil shows will be tested.
The Rooney Project is located in southwestern Kansas 20 miles due south of Dodge City off US Highway 283. The acreage block presently contains 8 sections totaling 5,120 acres in Ford County. The large contiguous acreage block represents the first land position acquired by the Company that management considers to be a "core" land holding for future development that would provide the basis for the requisite BOE production necessary to meet intermediate and long term goals.
The Rooney Project is directly adjacent to the north edge of existing Morrow Sand oil and gas production. An analog well designated as 3-30-25W in the Morrow pool has cumulatively produced 344,448 Barrels of oil and 933,622 MCF gas. There are multiple wells within 2 miles of our acreage that have produced in the 35,000 to 40,000 barrel range from discrete sand channels.
The Company participated in a 3D seismic shoot this summer which was successful in identifying Morrow potential on the acreage. Based on the seismic data, the Company and partners have developed a minimum of 5 target locations which, subject to results at the #24-1 Double H well, plan towards drilling these additional targets on a monthly basis. This multi well program could enable the Company to add up to 5 additional wells to its portfolio by the end of the third quarter of 2010. The operator of the project is S&W Oil & Gas, LLC of Wichita, Kansas.