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Target Energy Limited provides update on Fairway project


Published Nov 5, 2013
Target Energy Limited

US-focussed oil and gas producer Target Energy Limited provide an update on its Fairway Project in West Texas.

Wagga Wagga #1 (Final Report)

Wagga Wagga #1 has reached Total Depth at 3,057m (10,030 ft). Wireline logs have been run and production casing set and cemented. The rig has been released.

Darwin #3

Following the fracture stimulation program over the Lower Wolfberry section at Darwin #3, the well is being flowed back. Approximately 30% of the load-water (12,900 barrels were used during the stimulation process) has now been recovered with an increasing oil-cut.

Target Managing Director Laurence Roe commented on the drilling, "Wagga Wagga #1 encountered good oil and gas shows in the lower Wolfberry section and a preliminary log analysis confirms potential pay there along with potentially productive zones in the Fusselman and Ellenburger formations.

Tags: Target Energy




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