Brownstone Energy Inc. report that the operator has advised that the first well at its 28% owned Kokopelli project in the Piceance Basin, Colorado, was directionally drilled to a total depth of 8,440 feet, just below the base of the Rollins Formation, and has encountered reservoir quality and gas column thickness similar to other recently drilled wells in the immediate area.

The 2,500 feet of gross gas column, depth and composition of reservoirs encountered in the Lower Mesa Verde Formation were as expected. The well has been cased to total depth in preparation for completion operations. Completion operations, including perforating, fracturing and production tie-in are expected to be completed during Q4 2012. Successful completion of this well secures for Brownstone the substantial portion of the proven, probable undeveloped reserves attributed to the Lower Mesa Verde section of this Kokopelli leasehold by Brownstone's independent engineers.

Tags: Brownstone Energy