spartan update

UPDATE ON THE SPARTAN SCHWING #2 WELL
The open hole electric logging of the Spartan Schwing #2 well has been delayed. The bottom hole pressure in the well is 12,800 PSI and has made open hole logging very difficult. The plan now is to run a 5 inch completion liner to 14,386 feet, release the drilling rig and further evaluate the well bore in a cased hole.
The well reached total depth of 14,386 feet. The geological deep section cut by the well has conformed closely to the pre-drilling prognosis. Multiple gas show zones and sands have been encountered. The market will be informed of progress as it happens.