Business
New Drilling In Texas
New Drilling In Texas.
About this update from Aminex Plc
[{"type":"text","content":"\n Aminex PLC\n21 December 2007\n\n\n\n AMINEX PLC\n\n NEW DRILLING IN TEXAS\n\n 21 December 2007\n\n\nAminex PLC, the oil and gas company listed in London and Dublin, announces the\ncommencement of drilling of GU #38, its fourth development well in the South\nWeslaco Field, Hidalgo County, Texas. A rig operated by the Edde Drilling\nCompany has been contracted on a turnkey basis to drill the new well to a depth\nof 11,000 feet (3,352 metres) and is moving on to location this weekend. The\ndrilling objectives are the Frio sands deeper than 10,000 feet (3,048 metres)\nwhich were not tested by the previous deep well, GU #37. Estimated drilling\ntime is 25-30 days.\n\nThe GU#37 was completed and tested in September at a rate in excess of 2.5 mm\ncubic feet/day after a successful fracture stimulation in the 9,500 feet (2,895\nmetre) Frio sands.\n\nAminex has already participated in three wells at South Weslaco as part of an\nongoing multi-well development drilling programme which commenced in 2005. The\ninitial wells, GU#35 and GU#36, were both drilled to a total depth of\napproximately 9,000 feet (2,743 metres) and the subsequent GU#37 was the first\nin the programme to test the deeper Frio sands. In all cases logs encountered\ncommercial quantities of gas in multiple formations and all three existing wells\nare on production.\n\nThe joint venture partners have now discovered gas reserves in excess of 20\nbillion cubic feet in the South Weslaco field. Aminex has a 25% WI in the new\nwell which is being operated by Kaler Energy. Partner interests are: Stalker\nenergy 49%, Activa Resources 25% and Kaler Energy 1%.\n\nFor further information:\n\nBrian Hall Aminex +44 (0) 20 7291 3100\nArchie Berens Pelham PR +44 (0) 20 7743 6670\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":2015,"tagName":"div"}]