American Petro-Hunter has said that the No 1 Well at the North Oklahoma Oil Project is set to go into production as a commercially viable oil well.
Recent efforts have concluded with a perforated, acidized and swab tested well with 38ft of pay. The operator plans to fracture stimulate the pay zone based on a comparative assessment of swab results, pressures and flow rates to analog wells that present similar reservoir characteristics located in the area.
The engineers have concluded that implementation of the stimulation program should result in an Initial Production Rate (IPR) in excess of 350 barrels per day.
The project is located in an oil & gas district of northern Oklahoma. The company anticipates production of high gravity light oil above 3800ft to begin in mid-June 2010. The play has the potential for a multi-well program that could see the drilling of up to eight additional wells on 40 acre spacing in the field.