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Gold/Mining/Energy : GHP EXPLORATION
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To: Reuben Levy who wrote (3)12/23/1997 12:20:00 AM
From: Bob (Hijacked)  Read Replies (1) of 41
 
News

Thursday Dec 11 1997
Mr George Plewes reports
The Donner No. 1 well in southern Newton County, Texas, operated by the company and in which the company has a 72% working interest and a 54% net revenue interest has reached total depth. The well was drilled to a total depth of 7,662 ft. The well encountered four hydrocarbon bearing zones in the Frio formation between 6,900 and 7,500 ft. Production casing has been run to total depth and the well is being prepared for completion.
The company has plugged and abandoned the West Cameron 18 No. 1 well at a total depth of 15,077 ft. The well encountered severe hole problems while drilling towards the proposed total depth of 16,000 ft, resulting in wellbore conditions which forced the logging and evaluation to be conducted with a logging while drilling (LWD) tool as opposed to more conventional and higher quality wireline logs and tests. Although the LWD tool indicated the presence of potential hydrocarbon bearing sands, the well was considered non-commercial on the basis of the data obtained. Additional evaluation of the prospect will likely be conducted to determine the remaining potential on the block. The company has an 8.571% working interest in the well. Additionally, the West Delta 78 and the Sud Nefta No. 1 wells are still drilling to objective depth.
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