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Petrodorado Update for Drilling Program in California
Petrodorado Update for Drilling Program in California NOT FOR DISSEMINATION IN THE UNITED ST...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"Petrodorado Update for Drilling Program in CaliforniaPetrodorado Update for Drilling Program in California\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES\nCalgary, Alberta CANADA, September 23, 2013 /FSC/ - Petrodorado Energy Ltd. (PDQ - TSX Venture), (\"Petrodorado\" or the \"Company\") is pleased to announce the  completion of drilling the second well in the Kreyenhagen Project in California.  The well (K 8-33) began drilling on September 20, 2013, and reached target depth on September 21, 2013. \nThe K 8-33 well was drilled on trend to the Southeast of the Discovered Resource area. The well was directionally drilled and is expected to convert additional resources from the Prospective to the Discovered category.  The well has been cased and logged and will be put on a production test in the near future.\nThe first well (K 2-33) of the Phase I program was drilled to a total depth of 1,472 feet measured depth on July 20, 2013 and was subsequently logged and cased. The well was directionally drilled up to a 48 degree angle and encountered approximately 600 feet (measured depth) gross interval of the Temblor Sandstone.\nBoth K 2-33 and K 8-33 will be completed and production tested, using a completion rig currently anticipated for early to mid October, to obtain reservoir fluid samples and to evaluate the production performance of deviated wells on primary production. \nBackground for the Kreyenhagen Project in California\nThe Kreyenhagen Project drilling program in the San Jaoquin Basin of California commenced on July 11, 2013. The objective of these wells is to confirm oil in place, Reservoir Characterization (porosity, oil saturation, net pay, oil water contact) and initial test production rates and to provide primary recovery factors. In addition, all of the parameters acquired from these wells will provide a robust data set in order to evaluate different steam recovery techniques. \nThe drilling and testing of these wells is the first half of Phase I of the farm-in agreement as per the Company press release dated May 27, 2013.  With the initial data acquired, the second component of Phase I, which consists of geological and thermal recovery modelling, will be performed. Based on the modeling results, Petrodorado has the option to enter into Phase I...