Meridian Resource reports initial production test results on its Blackstone Minerals No. 4 ("BSM") well, located in Polk County, Texas in the Company's East Texas Austin Chalk Play. The well was drilled vertically to approximately 13,000 feet then horizontally approximately 5,000 feet in the Austin Chalk. The well was recently tested at gross daily flow rates as high as 10.7 million cubic feet of natural gas per day ("Mmcf/d") and 1,200 barrels of oil per day ("Bopd").
we wont get that on the vertical,, but the chalks sure can put out some volumes on the horizontals..
ADI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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