Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/drilling/citation-resources-drill-program-on-track-at-north.shtmlCitation Resources drill program on track at North Chapman Ranch
Citation Resources Limited advises that the Russel Bevly #2 well has successfully drilled ahead from setting intermediate casing down to
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Citation Resources Limited advises that the Russel Bevly #2 well has successfully drilled ahead from setting intermediate casing down to 11,430ft and is currently at 12,220ft. A 30-day drilling program is scheduled by the Operator (Ventex Operating Corp.), with the Howell Hight priority sandstone reservoir formation top expected to be intersected from 13,500 ft.
The Russell Bevly #2 is an infill appraisal well with a target depth of 14,250 feet (approx 4,350m) and is located between the successful Smith #1 and Russell Bevly # 1 wells that previously achieved combined production rates of 9.3 MMCf & 800 bbl of oil per day following successful well stimulation.
Citation has already pre-paid in full its share of the dry hole AFE costs (US$613,000) to the Operator for the Russel Bevly #2 appraisal well on the North Chapman Ranch project.
