FIELD ACTIVITIES / T & H Resources Ltd. Drilling Update
T&H RESOURCES LTD. - PROGRESS ON SOUTH FORT STOCKTON WELL
TORONTO, ON--
T & H Resources Ltd. ("T&H") is pleased to announce the following
update on the drilling of the Winfield Ranch 17 #1-E well in
Pecos County, Texas.
The well reached total depth of 25,740 feet on Friday, November
27, 1998 and logs were run over the weekend. The operator is
proceeding to set a 5 inch production liner from 22,000 to 25,740
feet. It is anticipated that an initial production test of the
Ellenburger formation will be carried out over the next five to
ten days.
The well operator, Baytech, Inc. had the following comments on
the existing well data:
"Be advised that we have reached a total depth of 25,740 feet in
the main objective (Ellenburger formation). Based upon our
original prognosis for this feature (Pugsley), we anticipated a
structure with approximately 1,200 feet of closure at the
Ellenburger. This interpretation was based upon 3-D seismic and
upon the Centurion well situated approximately 1.5 miles north
of the Winfield Ranch 17 #1-E well. After the preliminary review
of the actual log top for the Ellenburger in the Winfield Ranch
17 #1-E well and upon comparing the sample shows and porosities
with other producing wells in the immediate area, we are very
pleased with the outlook thus far. It is very encouraging that
with all of our data to date, this well actually has bettered our
original projections from a seismic and geological prospective.
Based upon the early log review, we are very encouraged with
the fracturing and thickness of the Ellenburger pay we have to
work with. We anticipate that with the amount of pay, along with
the structural position of the well, we can fully anticipate the
production rates hoped for if the reservoir is there, and by all
log indications the reservoir is there."
T&H will provide further updates as information is received from
Baytech. |
