The operator, Big Shell Oil & Gas, stimulated the lowest level reservoir and will appraise the reservoir characteristics of multiple stacked oil bearing horizons starting with the bottom and working its way up.
The target reservoir is now on test, and the well is being drilled by Petrolympic as part of an earn-in agreement with Texas HBP and Shell Western E&P.
Pursuant to the agreement, Petrolympic has the right to earn a 50% working interest in the Chittam Ranch property.
Petrolympic penetrated seven oil and gas bearing horizons during drilling of the well.
