FIELD ACTIVITIES / HEGCO Canada updates The El Grande Well
EDMOND, Oklahoma, Feb. 5 /CNW/ - The President and Chairman of HEGCO
Canada Inc., Douglas C. Hewitt, announced today, that because of the numerous
inquiries regarding the El Grande well, the Company is providing the following
update:
The well has been cased to bottom and Haliburton has completed the
cementing of the production casing to total depth of 12,169 feet.
HEGCO's interpretation of the logs that were run in 1983, when the well
was originally drilled, was that secondary porosity development was indicated.
Upon the re-entry of the well last week, Schlumberger logged the well using
imaging logs to identify secondary porosity development. The analysis of the
Schlumberger logs confirms the existence of secondary porosity over
significant intervals. The secondary porosity intervals are associated with
gas shows.
The potential of the reservoir system will be determined by production
testing which will begin in three to four weeks.
Until testing is complete the Company will not have any new information
regarding this well. The Company will be updating the drilling program on its
Oklahoma properties next week.
HEGCO Canada, Inc., is an Alberta Canada corporation trading on the
Alberta Stock Exchange under the symbol, ''HEG''. The Company is an oil and
gas production, servicing and drilling company operating in Oklahoma and
Arkansas.
On behalf of the Board:
Douglas C. Hewitt,
Director, Chairman |
