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Torchlight Energy re-entered Johnson #4 well


Published Feb 2, 2016
Torchlight Energy Resources, Inc.-2

Torchlight Energy Resources, Inc. says that the Company's Johnson #4 well has been re-entered and drilled laterally to approximately 2500 feet in the Austin Chalk Formation. Subsequently the Company set a liner into place, acidized the well, and has begun swabbing tests.

The swabbing procedures are being performed on an 8-hour basis and have produced increasing fluid entry with 540 Barrels of Oil measured over three recent 8-hour days. After each swab the well has shown excellent gas entry with fluid measuring ~75% to 80% oil cut per run. The fluid level has remained constant at ~800 feet which correlates to excellent entry into the well bore and the shut in tubing pressure is holding at over 470 PSI.

Tags: Torchlight Energy Resources




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