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Sun Resources provides drilling update on Lower Woodbine oil projects


Published Mar 4, 2014
Sun Resources NL-2

Sun Resources NL update shareholders on two Woodbine wells planned to be drilled across its lease areas which are located in Leon and Madison Counties, East Texas, onshore USA.

Delta Oil Project (Petro-Hunt AMI) (Sun: 25% WI)

Petro-Hunt LLC ('Petro-Hunt') as the Operator of the Joint Venture with Sun (Sun 25% WI) on the Petro-Hunt AMI area has advised that the first well into the Lower Woodbine oil target is now likely to be drilled around the end of the first Quarter.

On 28 February 2014, Sun executed an amendment to the Joint Operating Agreement with Petro-Hunt at their request providing them with more optionality around whether to drill a lateral well (as had been originally agreed) or instead drill a vertical well based on the drilling results.

Tags: Sun Resources NL




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