Saratoga Resources, Inc. provided an update on its recent development drilling activity in Breton Sound Block 32 field.

The SL 1227-25 'Rocky' well, in 13 feet of water depth, was spud with the Parker 77B inland barge rig on July 4th. A directional pilot well was drilled to a total depth ('TD') of 6254' measured depth ('MD')/5858' true vertical depth ('TVD'), as planned, before plugging back and drilling a 750' sidetrack horizontal section to a TD of 7178' MD/5790' TVD, reached on 24th July.

The well was subsequently completed and the rig moved to our Zeke location in the same field on August 3rd. The Rocky well tested on August 20, 2013 at a gross rate of approximately 600 BOPD and 120 MCFPD on a 16/64' choke with FTP of 650 psi, or net 508 BOEPD, and has been tied back to Saratoga's Breton Sound 32 platform. The rate continues to improve as the well stabilizes. Final costs on the Rocky well are expected to come in below the pre-drill AFE.

Tags: Saratoga Resources