BF Deep24 Aug 2021 10:31
Barron Flats Federal Unit (Deep)
The Company has commenced drilling operations at the BFU Fed 14-30VF well location, a 9,212' exploration well with the primary objective to extend the Barron Flats Shannon Miscible Unit to the Southwest and to evaluate oil potential of the Frontier and Dakota Formations. The location is adjacent to and southwest of the Barron Flats Shannon Miscible Unit. Intersection of the Shannon reservoir at this location will expand and increase the oil reserves attributed to the Barron Flats Shannon Miscible Unit. In addition, the BFU 14-30VF location is offsetting an abandoned well, one (1) mile to the west, drilled in the 1950s which has well developed apparent oil-bearing Frontier and Dakota sands. The Frontier Formation is the primary objective in the exploration portion of this well, potentially opening a new oil field development project close to the Company's existing oil production facilities.