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![]() ![]() Vancouver, BC / TNW-ACCESSWIRE / September 24, 2014 / Petrichor Energy Inc. (TSX-V: PTP; FSE: YQN) (the "Company") is pleased to announce the completion of the BlakEnergy Garner #2 well (the "Well") and production facilities (reference News Releases July 31, 2014, July 25, 2014, and August 7, 2014). Upon completion of flow testing, the Well has been placed into production at a stabilized initial rate of 55 bbls/day. Given the success of the Well, the Company is currently in the process of permitting five locations for five additional vertical wells on the Marble Falls Prospect, in which the Company owns a 66.67% working interest covering 11,695.33 acres to date, located within Young County, Jack County, Archer County and Clay County, Texas. The Mississippi Lime is a Mississippian age porous limestone formation that is deposited beneath the Barnett Shale, which is analogous to the Mississippi Lime play in Kansas and Oklahoma. The Marble Falls formation is a Pennsylvanian age limestone, analogous to the Strawn Lime play in West Texas. To date, independent operators have drilled over 50 vertical and horizontal multi-stage fraced wells in the Marble Falls and Mississippi limestone with positive results. |
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Senior Trader
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Favorites: SSH.V CZH.V EDW.V
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Petrichor Energy (TSX-V: PTP) Completes Permitting for the Next Three Wells
Vancouver, BC / TNW-ACCESSWIRE / November 3, 2014 / Petrichor Energy Inc. (TSX-V: PTP; FSE: YQN) (the "Company") announces its continuation to execute the next phase of the Company's well development plan with the completion of permitting for the following three vertical wells (the "Wells"). The BLAKEnergy #2 Hinson well (the "#2 Hinson") will be drilled to a depth of approximately 5,200 feet to test the Strawn Sands, Caddo Lime, Conglomerate, Marble Falls, Barnet Shale, and Chappel (Mississippi) Lime. The #2 Hinson will be located approximately at the surface coordinates of Longitude-98.6325862, Latitude 33.3389839 in the Hinson et al lease. The BLAKEnergy #1 Cobb well (the "#1 Cobb") will be drilled to a depth of approximately 6,000 feet to test the Strawn Sands, Caddo Lime, Atoka Conglomerate, Marble Falls, Barnet Shale, and Ellenberger. The #1 Cobb will be located approximately at the surface coordinates of Longitude-98.1535290, Latitude 33.3752469 in the Cobb et al lease. TheBLAKEnergy #1 CD well (the "#1 CD") will be drilled to a depth of approximately 6,000 feet to test the Strawn Sands, Caddo Lime, Atoka Conglomerate, Marble Falls, Barnet Shale, and Ellenberger. The #1 CD will be located approximately at the surface coordinates of Longitude-98.150920, Latitude 33.379975 in the Campsey-Davis et al lease. These Wells are the first three of five wells that were scheduled for permitting and drilling following the successful completion of BLAKEnergy Garner #2 well (refer to press release September 24, 2014). The Company is currently in the process of permitting additional locations for vertical and horizontal wells to be drilled in the Marble Falls Prospect, in which the Company owns a 66.67% working interest covering 11,695.33 acres to date, located within Young County, Jack County, Archer County and Clay County, Texas. ON BEHALF OF THE BOARD SIGNED: "Joe DeVries" Joe DeVries, CEO and President |
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Petrichor Energy (TSX-V: PTP) Reports the BlakEnergy #1 Cobb Well Reached Total Depth
Vancouver, BC / TNW-Accesswire / December 16, 2014 - Petrichor Energy Inc. (TSX-V: PTP / FSE: YQN) ("Petrichor" or the "Company") announces completion of drilling and evaluation of the BlakEnergy #1 Cobb well (reference News Release of December 2, 2014) to a total depth of 6,200 feet (1,890 metres) to test the Strawn Sands, Caddo Lime, Atoka Conglomerate, Marble Falls, Barnet Shale, and Ellenberger zones. Management is pleased with the preliminary results of the well, which the operator successfully completed under budget and ahead of schedule. The well has been cased and is currently being scheduled for completion. The well is the first of three additional wells to be drilled on the Marble Falls Prospect (the "Prospect"), and is located in Jack County, Texas (refer to the Company's November 3, 2014 News Release). Petrichor owns a 66.67% working interest in the Prospect, which covers 11,695.33 acres to date, located within Young, Jack, Archer and Clay Counties in Texas. The Marble Falls formation is a Pennsylvanian age limestone, analogous to the Strawn Lime play in West Texas. The Mississippi Lime is a Mississippian age porous limestone formation that is deposited beneath the Barnett Shale, which is analogous to the Mississippi Lime play in Kansas and Oklahoma. To date, independent operators have drilled over 50 vertical and horizontal multi-stage fraced wells in the Marble Falls and Mississippi limestone with positive results. ON BEHALF OF THE BOARD SIGNED: "Joe DeVries" Joe DeVries, CEO and President |
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