Osyka recently tested a shallow zone in Agnes West Well No 6, one of two shut-in wells and found it to be gas productive in an Upper Frio sand at an AOF rate of 2,876mcfd and approximately 1bbl/mmcf of condensate.
The company said that the well will be placed on production after all regulatory approvals are granted.
Osyka Corporation, through its wholly owned subsidiary Osyka Permian acquired an interest in the Placedo East Field in Victoria County, Texas during August and September 2010.
Currently, the company has an interest in approximately 18 wells in Texas and Mississippi, with an average working interest of 70%.
