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Zodiac Exploration Provides Completions update to 4-9 Well in Kings County, California and release of Q2 financial results
May 24, 2011 (Filing Services Canada) -- Zodiac Exploration Inc. (ZEX - TSX Venture), ("Zodiac"...
About this update from Sintana Energy Inc.
[{"type":"text","content":"\nZodiac Exploration Provides Completions update to 4-9 Well in Kings County, California and release of Q2 financial results\n\n May 24, 2011 (Filing Services Canada) -- Zodiac Exploration Inc. (ZEX - TSX Venture), (\"Zodiac\" or the \"Company\") is pleased to announce completion results from the Kreyenhagen formation in the 4-9 vertical test well located on the Jaguar prospect in Kings County, California.  Based on encouraging core and petrophysical log evaluation, the Company decided to test the Kreyenhagen formation, which underlies the Vaqueros formation.   A 30 foot interval in the Kreyenhagen formation was perforated to evaluate a brittle, low permeability, oil-bearing and fractured siltstone.  This interval was stimulated with a water-based fluid and a volume of 195 barrels (\"bbls\") of 29 deg API oil and 58% of the load fluid was recovered over a period of 9 days. The oil rate, prior to shutting in for a pressure build up test, was 24 bbls per day with a gas to oil ratio of 368 standard cubic feet per bbl and a load fluid recovery rate of 39 bbls per day.  As the Kreyenhagen formation is a secondary target, the Company did not wish to conduct an extended test, which would require the continuous unloading of the wellbore, as it would have further delayed the testing of the primary targets.   The Company is now moving uphole to complete and evaluate the primary targeted zones in the Vaqueros and Whepley formations.  The operation is expected to continue through August of 2011.   Murray Rodgers, President and CEO, commented, \"We are very excited with the early indications of production from the Kreyenhagen formation.  By establishing oil productivity from 30 feet of a total 150 feet of equivalent siltstone in this well, the Company believes it has identified a potentially important and significant new play type.  These test results indicate that even with a limited stimulation, these low permeability reservoirs in the Kreyenhagen will flow at rates that are typical of early non-optimized well completions in other more well known resource plays in the US.  Although the Kreyenhagen formation had produced over 1 million barrels of oil from legacy vertical wells in the Kettleman Dome Field immediately west of the 4-9 well, it w...