The primary formation of interest is the Triassic. Empire feels that this formation is the likely source for the oil shows it observed over a large volcanic interval in the Empire Cobble Cuesta 1-12, located about three quarters of a mile southwest of the 2-12 well, the company said.
Empire also said it will increase its interest in the 2-12 well and the 40,073 acres of leases contained in the Paradise Unit on which the 2-12 well is being drilled.
The company will increase its working interest from 57% to 77.5% through a farmin whereby it will pay an additional 41% of the well costs. Drilling and testing operations on the 2-12 well will take about 30 days.
