The company purchased the well in 2005 along with the sister well, the Kuntschik No.2, and both wells are horizontal Austin Chalk wells.
The Kuntschik No.1 well was completed in the Austin Chalk D zone, and the current plan is to plug back the old lateral and drill a new lateral in the Austin Chalk C zone.
According to the company, the proposed new lateral will be about 4,800ft in length.
Lucas Energy president and CEO William Sawyer said that the Kuntschik No.1HST horizontal Austin Chalk well should add to the company’s production for the 2010-11 fiscal year.
