The deviated well bores have been designed in conjunction with high definition 3D seismic to intersect multiple fracture networks and to maximize the pay-zone thickness of the reservoir.
The deviated well bores will be drilled down to the Sharon Springs formation, which is a sub-formation of the Pierre and the source rock of the oil that has migrated up into this formation.
The fact that we saw so much oil in the vertical section of the Magellan #1 well leads us to believe we are on the verge of something special that could take this Company to the next level.”
The Company looks forward to sequentially flow testing the three wells and updates of the drilling program will be released to the market as they occur.
looks like after the deviation will occur which is the purpose of these extra 2 wells wells , however the first well Magellan has confirmed the presence of oil.
Ann: Multi-well program making good progress in Colorado-AKK.AX, page-23
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