"Gary #1-24H (37% working interest) The Gary #1-24H well, located in Section 24, has reached a total depth of 17,727 feet measured depth, including a horizontal section of 5,647 feet. The well was drilled in the prolific middle member of the Mississippian Bakken Formation in the Williston Basin, using a design very similar to the one successfully implemented on the Gene #1-22H well. Whilst drilling the horizontal section, continuous oil and gas shows were recorded within the Middle Bakken Formation. The forward plan is to run a 5 inch liner equipped with external casing packers that will allow 20 frac stages to be undertaken. The number of frac stages have been increased from the 15 stages utilized in the Gene #1-22H well based on experience in the area suggesting that the additional 5 stages will increase both the initial rate and the reserves associated with the well. The frac date is expected to be either at the end of July or the third week of August."
SSN Price at posting:
3.3¢ Sentiment: LT Buy Disclosure: Held
