RE: Blockbuster January21 Dec 2022 07:40
Cole creek re-completion works starting this week on the first well also and expected to be finish by the end of December…400 bopd of extra production expected from this well alone!
“Cole Creek Unit
Operations to recomplete the first of 6 to 7 Frontier 2 oil wells for Frontier 1 oil production are to commence this week. Though oil was identified in the Frontier 1 over 50 years ago at Cole Creek, the reservoir has remained unexploited due to industry convention of completing for production the deepest hydrocarbon producing horizon first. The first well in the campaign is 11-27-35N-77W. Three oil bearing sands are developed in the Frontier 1 at this location totaling 108 feet of reservoir. Sixty-five feet of the third, or lowest sand, will be perforated followed by evaluation for further stimulation if deemed necessary.
Oil resources in the Frontier 1 are a large component of the Company's deep discovery which has extended the current Cole Creek reserves/resources significantly to the east. Successful recompletion of the 11-27 well for oil production before year-end should allow the Company to book significant oil reserve additions to Cole Creek as the base of the perforations is approximately 785 feet below the crestal area of the Cole Creek anticline located 1 mile to the northwest. Two of the recompletion candidates are further down the flank of the structure, with one of these wells exhibiting oil flow during drilling from the uppermost Frontier 1 sand.
Cole Creek is an asymmetrical anticline approximately 9 miles in axial length with approximately 2,500 feet of structural/stratigraphic closure. Five known conventional oil reservoirs are present at Cole Creek: Lakota, Dakota, Frontier 2, Frontier 1 and the Shannon. COPL holds 100% WI in the lease-hold on all rights below the Shannon. Development of the Dakota and Shannon commenced in 1939 extending to the mid 1950's. Frontier 2 development through 7 wells commenced 10 to 15 years ago.”
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