The company will commence the full well completion program from the multiple oil pay zones and have begun to perforate and complete the upper 40ft Mississippi formation directly above the oil shale.
The 40ft Mississippi pay zone showed excellent oil shows and good electronic log response during and following drilling.
Two analog wells from the same Mississippi formation between 0.25 and 0.5 mile away have cumulatively produced 46,000 barrels of oil and 0.75bcf gas to date.
The company opines that proceeding directly to the comingled zone production scenario will offer the fastest method to evaluate ultimate oil production rates.
Establishing the flow rate potential of the entire well ensures that future planning will accurately target the best offset drilling locations on this lease and other land holdings in the area, the company said.
The NOJ26 well has its pump, tank storage equipment and all lines fully installed, and it is estimated that the well will be on pump and producing commercially by early next week.
Ultimately, the true test of the well will be the actual quantity of oil sent to the tanks over the upcoming weeks as it is expected that an early flash of oil will be followed by a period of well stabilization.
