Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/houston-american-provides-initial-test-results-fro.shtmlHouston American provides initial test results from the Crown Paper #1 well
Houston American Energy Corp. says that Pennington Oil & Gas, LLC,
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Houston American Energy Corp. says that Pennington Oil & Gas, LLC, the operator of the Crown Paper #1 well in the Profit Island Field in East Baton Rouge Parish, Louisiana, has successfully carried out a recompletion of the Crown Paper #1 well.
Houston American holds a 5.675% royalty interest in the well, which interest will be reduced to a 2.838% royalty interest after Houston American 's receipt of royalties totaling approximately $225,000. Houston American also holds working interests and royalty interest in adjacent acreage to the Profit Island Field.
The Crown Paper #1 well came back on production following the recompletion on April 25, 2013 and is currently producing in excess of 300 barrels of condensate and 900 mcf of gas per day.
