Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/news/hemisphere-energy-completes-drilling-at-jenner.shtmlHemisphere Energy completes drilling at JennerHemisphere Energy Corporation has completed drilling operations on a horizontal well in the Jenner area of southeast Alberta. A completion rig has been
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Edit page New page Hide edit links Hemisphere Energy Corporation has completed drilling operations on a horizontal well in the Jenner area of southeast Alberta. A completion rig has been mobilized to the Jenner area and tie-in plans are being scheduled. The horizontal well targeted oil-bearing sandstones of the Glauconitic formation as part of the commitment obligations of the farm-in agreement announced on January 25, 2012. Under the terms of the agreement Hemisphere will pay 100% of the drilling, completion and tie-in costs of a horizontal well to earn 100% of the earned lands before payout, subject to a convertible overriding royalty. Hemisphere has the option of drilling a second well to earn additional lands once the commitment well obligations are satisfied. |