rampage: Here it is- thanks for the lead-- forgot about that source. It came out on my Bloomberg at 12:43 on July 20-98--assume that is EST.
Regards Tom D.
JACKSON, MISSISSIPPI, July 20 /CNW/ - Westfort Energy, Ltd. symbol WT on
the Toronto Stock Exchange, announced this morning that in drilling the
Pelahatchie Deep Unit 18-4 it has now encountered seven mudlog shows in the
Smackover Formation. The latest show (show No. 32 in the well) was in a
31-foot zone from 16,901 to 16,932.
The Pelahatchie Deep Unit 18-4 has now reached a depth of 16,960 feet as
of 9:30 a.m. CST. It is anticipated that the top of the Norphlet Oil/Gas zone
will be reached between 17025 - 17050 feet. At approximately 17,000 feet the
company plans to come out of the hole and change bits. The company is
proceeding cautiously and is presently conditioning the drilling fluids so
that they weight 17 pounds per gallon, a weight calculated to exceed and
control the expected high pressures of the Norphlet zone thus allowing the
company to drill into and through the zone. Unless the process is slowed by
some unknown event, the well should reach total depth of 17,350 this week at
which time the company will log the well and then set casing through the zone
for production from perforations in the Norphlet formation. As previously
announced, the company is assured production, having already secured numerous
oil and gas zones behind casing to a depth of 15,900 feet. An additional
casing string will be run from 15,900 to 17,350 in order to secure the
Smackover gas zone and the Norphlet zones.
Tbe Johnny Rhodes 7-6 well is being readied for production test. Nabors
Drilling Co. is moving the drilling rig from the location today to make room
for Westfort's completion rig. It is anticipated that production test
equipment should be in place to allow a test on Wednesday.
The Toronto Stock Exchange has neither approved nor disapproved of this
release.
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Whitney Pansano
President
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