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Target Energy provides update on its Fairway project, West Texas


Published Apr 16, 2014
Target Energy-2

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

Drilling at BOA North #4 has concluded with the well reaching Total Depth at 3,093.8m (10,150ft) on 10 April 2014. Preliminary analysis of wireline log data has confirmed that the well has encountered potential pay in the Fusselman Carbonate, which has been intersected 8.5 metres (28 feet) updip to the BOA 12 #1 well, as well as in numerous zones within the Wolfberry section. The well is to be completed as an oil producer. On release, the rig will move directly to the Wagga Wagga #2 location.

As announced on 26 March 2014, plans are progressing for a fracture stimulation of the Wolfberry section in the BOA 12 #3 well after testing in the Fusselman Carbonate recovered oil in sub-commercial quantities.

Tags: Target Energy




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