The re-completion project includes an existing 7,900ft well whose original pay zone was depleted and abandoned.
Up to four additional pay zones exist in the well bore above the previous find at about the 4,500 and between the 3,000 and 1,200ft levels.
The company’s venture partner has secured the leases and is planning to begin the work upon full funding.
It is estimated that production from this new pay zone may be between 900 and 1,800 barrels of oil per month and TBD quantities of gas, up to 3+/- million cubic feet of natural gas per month (3,000mcfgpm).
