Petrichor Energy Inc. announces that the Hinson #1 well has been cased, and installation of production equipment has been completed. The well is now being evaluated for optimal initial production from the Caddo Lime, Marble Falls, Barnett Shale or Mississippi Lime formations. Management is pleased with the preliminary results of the well, which the operator successfully completed under budget and ahead of schedule. The production evaluation is expected to take approximately two weeks.
The Company owns a 66.67% working interest in the prospect, which covers 11,695.33 acres to date, located within Young County, Jack County, Archer County and Clay County, Texas.