Worthington Energy, Inc. reports that the Company's I-1 Well is currently operating on a continuous, unmanned, 24 hour production schedule.
"I am pleased to report that we are once again operating on a 24 hour production schedule," stated Worthington Energy, Inc. President & CEO, Mr. Tony Mason. "We performed a 24 hour flow-test, concluding on Oct. 15, 2012, which generated encouraging production results: shut-in tubing pressure (SITP) was 4,150 psi; flowing tubing pressure (FTP) was 3,300 psi; oil production was 155 BOPD (barrels of oil per day); and gas production was 700 MCFD (thousand cubic feet per day)."
"This is excellent progress considering that we were still operating at a 6/64 choke," continued Mr. Mason. "Based on these results, which were reported to the Texas RRC, we expect that the I-1 Well will be designated by the RCC as an oil well and not a gas/condensate well."
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Worthington Energy
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