EKHO#1 Completion and Production Testing
Press Release
May 10, 2000
COMPLETION AND PRODUCTION TESTING TO BEGIN IMMEDIATELY AT EKHO #1 WELL IN SOUTHERN CALIFORNIA.- OVER 2,500 FEET OF SANDS INTERCEPTED.
VANCOUVER (May 10, 2000) - David Patterson, Chairman of the EKHO Project Consortium, is pleased to announce that logging and interpretation of the EKHO #1 Well in Southern California has been completed and as a result of the analysis of all core and log data a decision has been made by Tri-Valley Oil & Gas and the EKHO Consortium to proceed with completion and production testing in EKHO #1.
The primary target, the Vedder Sand, has a gross sand thickness of 440 feet. The Phacoides, a secondary target, has a gross sand thickness of 160 feet over two intervals. As originally projected, other horizons that have indications of hydrocarbons include the Olcese and Antelope/MacDonald intervals. The Olcese has a gross sand thickness of 965 feet, the Antelope/MacDonald interval, a producing horizon on the Lost Hills structure, has a thickness of 975 feet in EKHO #1. Based upon the log interpretation there is potential for hydrocarbons in all the sand.
Casing will be run into the top of the Vedder Sands and the Vedder and Phacoides section will then be open hole production tested from the top of the Vedder to T.D. at 19,085 feet. Completion and production testing of the Vedder and Phacoides in the EKHO #1 is anticipated to take 60 days.
As reported in an article by James Flanigan in the May 7, 2000 edition of the L.A. Times, there is enormous potential for deep oil and gas reserves in the San Joaquin Valley. With the decision to proceed with completion and production testing of the EKHO #1, the EKHO Consortium is a step closer to demonstrating this potential.
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On Behalf of the
EKHO Project Consortium
+David Patterson+
Chairman
Contact Information
Investor Relations: David Brook
Phone: 604.684.6535
Fax: 604.602.9311
Toll Free: 1.877.778.EKHO
E-Mail: info@ekhoproject.com
Web Site: www.ekhoproject.com |
