According to American Petro-Hunter, the well is a direct offset to the project’s discovery well and targets subsequently identified reservoir estimated to contain in excess of 3 million barrels of oil on a location that maximizes the targeted thickness of both Mississippian and Morrow sand.
The company said that the operator has informed that total depth should be reached within next 24 hours, after which, all oil shows encountered will be drill stem tested. The company plans a rapid tie-in to the existing infrastructure, including the present tank battery at the Rooney lease.
In addition, the construction of surface production facilities is ongoing at the North Oklahoma Project on the well location. Tank battery construction and installation of pumping equipment is proceeding as planned. The targeted date for the commencement of commercial oil production is estimated on or around June1st.
The Rooney Project is located 20 miles due south of Dodge city and totals 7,040 acres adjacent to the north edge of existing Morrow Sand oil and gas production. The initial discovery well, #24-1 Double-H commenced commercial production in January. The potential barrels of oil associated with the discovery well and underlying oil pool are currently estimated at 500,000 barrels and the company feels the potential for the newly discovered reservoir is 3,000,000 barrels of oil.
The company and its partners have developed a plan which includes drilling 10 target locations by the end of fourth quarter of 2010 at a planned drilling schedule of approximately one new well per month, depending on rig availability. The operator of project is S&W Oil & Gas of Wichita, Kansas. The purchaser of oil production at Rooney is NCRA of McPherson, Kansas.
