The company said that the preliminary drilling and log data indicated hydrocarbon-bearing sands in a shallower horizon of the well.
Logging results and shows while drilling indicate that hydrocarbon-bearing sands were encountered in the Eocene, Cook Mountain sand formation between 12,400-12,900ft and represent a potential discovery of natural gas and natural gas condensate.
High resolution electric log analysis indicates that the well encountered in excess of 100ft of net potential pay.
The well also found multiple Wilcox sands between 13,930-16,280ft. Well log analysis confirms the sand to be gas bearing but also indicates low permeability throughout the penetrated Wilcox section.
The company has sought and received approval from its partners in the Well to move up the wellbore and perform production tests starting at a depth of approximately 12,500ft in the Cook Mountain section.
Completion of the well will involve perforating the wellbore across multiple intervals in the Cook Mountain and flow-testing the well.
