Underground Energy Corporation has reached target depth of 7,685 feet in the Chamberlin 3-2 well at the 7,750 acre Chamberlin lease in the Zaca Field Extension Project in Santa Barbara County, California.
The Company holds an 80% working interest in the Chamberlin lease, which surrounds the existing Zaca Oil Field on three boundary sides. The Chamberlin 3-2 well is a "twin" well offsetting the previously drilled Chamberlin 4-2 well by approximately 300 feet.
This well was designed to directly target the Chamberlin East Fault Block that was discovered during the drilling of the Chamberlin 4-2 well. The information gained in drilling the Chamberlin 4-2 well was used in designing and drilling the Chamberlin 3-2 well.