The company said that it will proceed with an immediate remedial work-over on this well, which is currently producing from the Viola Lime hydrocarbon-structure.
The work-over involves a cement squeeze on a lower formation that will prevent salt water from entering the Viola reservoir.
According to the company, other Thompson wells in adjacent leases have produced in excess of 22,000bbls, and these wells have not been subjected to the salt water intrusion encountered in Thompson #2.
Precision Petroleum is engaged in the acquisition, exploration and development of oil and natural gas properties in North America.
