The Friesian #2 well, located in Green Canyon Block 599, has been drilled to a total depth of 28,989ft and encountered around 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.
Given the excellent results delivered in the drilling to date, the joint venture has elected to deepen the well by approximately 600 feet/182 metres to the original planned TD of the SM71 #1 well to ensure the entire package of D5 Sand lobes
have been evaluated.
The Woodbine section in each of these areas has slightly different characteristics, including different sand lobes
within the overall Woodbine section and it is expected that more than one well will be required in each area to optimize the best landing point and completion practices required to maximize production and recovery.
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.