Last week news...Wednesday, July 28, 2010
Drilling has now recommenced to the target depth of 16,000ft.
"We are pleased that drilling on the O.B. Ranch #1 well, on the Bongo prospect in Wharton county is progressing as planned and anticipate reaching the target depth within...approximately fifteen days," Caza chief executive W. Michael Ford commented.
When the well was spudded, back in June, Caza said it expects the well to encounter multiple, potential, hydrocarbon bearing reservoir sections.
Bongo is a significant 3-D seismically defined, three-way closure in the Wilcox formation. Caza has previously farmed out a portion of its 65% participating interest in Bongo to Verus Investments Limited and Singular Oil & Gas, Inc, retaining a 40% working interest in the O.B. Ranch#1 well with an approximate 30% net revenue interest.
Last week news...Wednesday, July 28, 2010Drilling has now...
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