Sun Resources NL update shareholders on the first of three Woodbine wells to be drilled across its lease areas which are all located in Leon and Madison Counties, East Texas, onshore USA.
Amerril Oil Project (Centerville Area) (Sun 18% WI)
The Operator of the Centerville Area of the Amerril Oil Project has advised Sun that completion operations at the F. Thompson #1H well have commenced. The well was actively geo-steered to deliver approximately 5,000 feet (1,524 metres) of cased, horizontal section in the target Upper Woodbine section. The well is currently being subjected to a multi-stage hydraulic fraccing programme.
Sun anticipates a further update when the hydraulic fraccing job has been completed. Sun's working interest in this well is 18% and the budgeted cost is approximately US$1.2 million net to Sun (US$6.7m total well cost) within a 1,855 gross acres AMI area agreed between the joint venture parties.