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Our Operations

Operations Update

3 January 2018:

Over the last seven days our two new Eagle Ford horizontal producing wells, the Wilson B-1 and Wilson B-2, continued to flow, on their own pressure, at an average rate of 765 barrels of oil equivalent per day (BOEPD). Production from the wells is up slightly since our report on 18 December due to gradually increasing the chokes on both wells which has allowed the flowing pressure to correspondingly decline. Flowing pressures for each well still averages over 300 psi, and the new production facilities continue to perform to expectations with no major downtime.

This week we expect to begin the construction of our new road and drilling location that will support our next series of wells on the Hovencamp lease. Also, discussions with various drilling companies to contract for a new drilling rig are underway.

18 December 2017:

Our two producing wells, the Wilson B-1 and Wilson B-2, continue to flow on their own pressure and are choked back to optimize long term recoveries. Over the last 7 days the wells have each averaged 685 boepd while flowing at 330 psi.

Plans for our next phase of drilling are underway as surface work for the well site and roads are being finalized prior to commencing construction. Drilling rig options in the vicinity are under discussion and a rig contract is being pursued for a four well program.

 

 

Operations Update

3 January 2018:

Over the last seven days our two new Eagle Ford horizontal producing wells, the Wilson B-1 and Wilson B-2, continued to flow, on their own pressure, at an average rate of 765 barrels of oil equivalent per day (BOEPD). Production from the wells is up slightly since our report on 18 December due to gradually increasing the chokes on both wells which has allowed the flowing pressure to correspondingly decline. Flowing pressures for each well still averages over 300 psi, and the new production facilities continue to perform to expectations with no major downtime.

This week we expect to begin the construction of our new road and drilling location that will support our next series of wells on the Hovencamp lease. Also, discussions with various drilling companies to contract for a new drilling rig are underway.

18 December 2017:

Our two producing wells, the Wilson B-1 and Wilson B-2, continue to flow on their own pressure and are choked back to optimize long term recoveries. Over the last 7 days the wells have each averaged 685 boepd while flowing at 330 psi.

Plans for our next phase of drilling are underway as surface work for the well site and roads are being finalized prior to commencing construction. Drilling rig options in the vicinity are under discussion and a rig contract is being pursued for a four well program.

 

 

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