Silver Tusk Oil Company, LLC Managing Member, Paul Fenemore, is pleased to announce that drilling operations on the Willard Unit #1H-2 (Buda) well located in the Sand Lake Prospect, Burleson County, Texas have been completed. The well was drilled to a total measured depth of 9,363 feet and penetrated the Buda Lime horizontally for a distance of approximately 2,530 feet.
Silver Tusk elected to terminate the well early and move forward with completing it in view of the impressive shows encountered. Whilst drilling horizontally in the Buda Lime the well flowed at rates of up to 250 barrels of oil per hour and in a 48 hour period the well produced a cumulative total of approximately 4,200 barrels of 39 degree API gravity oil. Silver Tusk has been granted permission to sell up to 100,000 barrels of oil until such time that all of the necessary paperwork is filed with the Texas Railroad Commission.