Amazing Energy Oil & Gas Co. continues to drill within its 70,000 acre leasehold in the Permian Basin in Pecos County, Texas, with the drilling and completion of the WWJD#14 well. The well was fraced on Thursday, June 11, 2015 using the new fracing technique first implemented in 2014. The operator has reported that the well is in flowback stage, producing 2.5 barrels of oil per hour (60 barrels per day) and 111 MCF of natural gas per day as of Tuesday, June 16, 2015. The Company owns a 40% working interest in the WWJD#14.
According to Jed Miesner, CEO and Chairman, 'The WWJD#14 brings us to a total of nineteen wells drilled and nineteen wells completed with no dry holes to date in the project. Our operator is currently preparing to re-frac the WWJD#8 well, using our new fracing technique. We have also started building our next drilling location for the WWJD#15 well and have permitted the WWJD#16 well. The Company continues to bring wells on as we build out our infrastructure, adding more gas lines and electric service. This is a very large project and we are focused on getting it up and running as quickly as we can. The WWJD#14 is another step toward accomplishing this goal.'