KEY POINTS:Paradox Basin #3 was fracture stimulated yesterdayThe...

KEY POINTS:
Paradox Basin #3 was fracture stimulated yesterday
The stimulation was proceeding to plan when approximately half way through the pumping schedule the fracture �screened out�
Half of the intended fracture slurry was successfully pumped into the formation
The screen-out was caused by bridging across the perforations and has not caused any damage to the formation
A coil tubing rig has been mobilised to clean out the casing
The company may attempt to flow the well to assess the effectiveness of the fracture before deciding to rerun the stimulation
The company remains confident of successfully stimulating the well
Paradox Basin #3 has encountered some of the best gas shows so far encountered on the Golden Eagle Field
US focussed oil and gas company Gold