The company has been testing the 2-12 well after perforating the well between 3,700ft and 3,782ft where oil shows were concentrated.
During the swab testing, the company recovered small amounts of oil containing paraffin, which was possibly restricting the oil flow, however the swab tests did not increase the flow rate.
The company said that it expects a full analysis of the oil to be completed soon, which will then be studied by engineers to determine if possibly a chemical additive might substantially increase the flow of oil.
The company had hoped to drill the well to the Triassic formation, which is projected to be between 5,500ft and 6,500ft. However, drilling problems at 4,250ft caused the company to cease drilling and test the 3,700ft level of the well.
