The Friesian #2 well, operated by PXP (50% working interest) was drilled to a total depth of 28,989 feet and encountered approximately 389 net feet of oil saturated Miocene aged sands with three main sand lobes
encountering more than 210 net feet of high quality oil pay plus a fourth sand lobe
encountering 179 additional feet of oil pay that was not fully evaluated.
Crimson recognizes that this newer technology can also be applied to other formations that have historically low volumes associated with vertical or open hole horizontal completions, specifically the Austin Chalk, Buda, Georgetown, Glenrose and the other multiple sand lobes
within the Woodbine formation.