The WVIC D-12 well is located on the Eco Forrest Lease, which includes approximately 493 acres. Alamo’s objective is to increase oil production that started over two decades ago from the lower Huron Shale.
This re-entry recompletion program is aimed at the Squaw, Lower Big Injun, Upper Big Injun, Maxton and Devonian Shale formations with a three-stage 8,000bbl frac.
The land to resource ratio enables 25-acre spacing, which we believe will allow for up to 14 additional wells.
The company believes that the total potential cumulative production from the well may be as high as 20,000 barrels of oil equivalent.
Alamo Energy also has the option to participate in 12 re-completion and four drilldown wells across approximately 1,520.4 acres in West Virginia.
If exercised, the options will give the company access to drill up to 60 new wells in a secondary development phase.
