success..sweet texas tea

BOA 12 #1 well encounters potential oil and gas pay in all
primary and secondary targets
? Initial results highlight strong potential for discoveries to be
economic
? Well will now be completed as a producing well
BOA 12 #1 (Fairway Project, Howard County, Texas)
Target Energy Limited (ASX: TEX) is pleased to advise that it has struck oil with the
first well at the Fairway Project in Howard County, Texas.
The BOA 12 #1 well has encountered potential oil and gas pay zones in all primary
and secondary targets.
These preliminary results have given Target sufficient confidence to complete BOA
12 #1 as a producing well.
Target is earning a 60 per cent stake in the Fairway Project.
The well drilled through a 1,080m section in the “Wolfberry” zone which exhibited
numerous shows while drilling, in particular in the Wolfcamp, Strawn and
Mississippian formations. An initial review of the log data confirms the potential
productivity of this interval.
Logs also confirm that the well intersected potential oil pay over a 5m interval in the
deeper Fusselman formation.
Furthermore, the well encountered oil at a depth of approximately 1,312m through
the shallower San Andres formation (the San Andres is the main producing horizon in
the adjacent Howard Glasscock field). San Andres production cannot be combined
with that from the Wolfberry, so the partners will assess the feasibility of drilling a
shallow well next to BOA 12 #1 to produce separately from this zone.
Additional shows were also noted in the Clearfork formation.