CVL et al to proceed with Ekho No. 1 well completion
Curlew Lake Resources Inc CWQ
Shares issued 28,164,526 May 10 close $0.13
Wed 10 May 2000 News Release
See CVL Resources Ltd (CVL) News Release
Mr. David Patterson of the Ekho project consortium reports
Logging and interpretation of the Ekho No. 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 No. 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 No. 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 No. 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 No. 1, the Ekho consortium is a step closer
to demonstrating this potential. |
