re: Ann: Pryme Successfully Completes Balance... More recent...

re: Ann: Pryme Successfully Completes Balance... More recent result, from adjoining county just across the river in Mississippi.

"Good news for Tuscaloosa Shale watchers in Avoyelles. To the east of Avoyelles in Mississippi comes the results oa a highly successful well.

Goodrich Petroleum Corporation announced today, February 6, the completion of its Crosby 12H-1 (50% WI) well in Wilkinson County, Mississippi. The well is continuing to improve with a current production rate of 1,250 barrels of oil equivalent ("BOE") per day and a 24 hour average rate of 1,130 BOE per day comprised of 1,050 barrels of oil and 469 Mcf of gas, on a 15/64" choke with 2,700 psi. The well, which has approximately 6,700 feet of usable lateral and was fracked with 25 stages, is in the early stage of flowback, with approximately 1% of the frac fluid recovered to date.

The 1000 plus barrels of oil a day will mark this as one of the most successfull wells so far in the entire Louisiana-Missisppi region. The first welll in Avoyelles to be completed, in Brouillette, is registered at about 350 BOE in its first report to the state.

Goodrich currently has approximately 135,000 net acres in the Tuscaloosa play, east of Avoyelles and now expects to spend the higher end of its previously announced 2013 capital expenditure budget in the TMS of approximately $50 million. The main companies in Avoyelles are EOG and Halcon.

Besides the TMS wells, Pryme Oil of Australia is also reporting significant preliminary findings on its fourth well in the Austin Chalk formation below the Odenburg area of Southeastern Avoyelles."



Link: http://avoyellestoday.com/view/full_story/21627919/article-TMS-well-in-Mississippi-has-over-1000-BOE-per-day?instance=secondary_stories_left_column