OEX 20.0% 0.6¢ oilex ltd

The well I refer to was drilled in the Olmos Sands of the Eagle...

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    The well I refer to was drilled in the Olmos Sands of the Eagle Ford Shale. It was not a vertical well.

    Talon Petroleum Limited (ASX: TPD) (“Talon” or “Company”) is pleased to announce that the fracture stimulation of the Quintanilla OL 1H well is scheduled to commence in early October. A service crew has been secured and the well will be completed through a multi-stage hydraulic fracturing process. The well was drilled to a total measured depth of 13,555 feet (9,158 feet TVD) on 21 August 2014. Talon set and cemented 5.5 inch diameter casing to TD and released the rig on 25 August 2014. The well was drilled with a 4,286 foot lateral section into the Olmos formation with 12 fracture stages. That's a 1300m lateral by the way v Oex's 350m lateral.

    * Net Pay Thickness (Conventional Well) Not applicable
    * Geological Rock Type ; Olmos sandstone
    * Depth of Zones Tested 9,164 to 13,409 feet. TVD approx. 9,000 MD
    * Other Recovery ; Frac fluid approx. 70%
    * Choke, Flow Rates, Hydrocarbons Measured 744 bopd, 1,452 mcfd, 1,800 bwpd on a 22/64 inch choke - that's the choke size on 77H currently by the way.
    *Frac Stages ; 12 frac stages totaling 3,413,343 pounds of proppant in 118,812 barrels of water

    GLTAH
 
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