is pleased to provide an operational update regarding its Viking horizontal drill program at Flaxcombe and the acquisition of an existing vertical wellbore for recompletion
in the Success formation.
was performed on the Higgins #8 well on 30 May.
M2 EQUITYBITES-8 July 2010-Superior Oil and Gas Co begins recompletion
operations in Chickie #1 well in Logan County, Oklahoma(C)2010 M2 COMMUNICATIONS http://www.
The drilling programme covers an exploration well, a completion and a recompletion
, expected to take between 95 and 135 days.
Paul Baay, President and Chief Executive Officer, said "the Crown Capital financing provides us the financial flexibility to focus on the development of our onshore Trinidad assets and to immediately commence a recompletion
The #4-1 well has been put into production following recompletion
in the Cleveland Formation with 50 feet of net pay perforated between 3,560 feet and 3,610 feet.
As reported in TAGs August 15, 2016 press release, a low-cost recompletion
to an existing wellbore at Sidewinder demonstrated the potential of a previously unproduced oil leg following testing.
Under the terms of the revised agreement GEPL will be able to utilise the equivalent of US$537,000 in Trinidadian Dollars ("TT$") in GEPL's business, on expenditure including capital projects in the Goudron Field, where five further recompletion
opportunities have been prepared.