News - Major hit on well #1All I can say is that this looks great. Well number 1 is on track for future production! Rig will be moved to well number 2 soon for testing! Well number 4 should be very, very near depth (hopefully hits). Then start drilling well number 5 shortly after.
The bus just increased speed along the straight away.
Bridge Resources JV ML well flows at 4.2 MMcfd
2010-04-29 08:59 ET - News Release
See News Release (C-BUK) Bridge Resources Corp
Mr. Edward Davies of Bridge Resources
BRIDGE RESOURCES CORP. AND PARAMAX RESOURCES LTD. ANNOUNCE INITIAL TEST RESULTS ON FIRST IDAHO WELL
Bridge Resources Corp.'s and Paramax Resources Ltd.'s first joint well in their Idaho drilling program, the M.L. Investments 1-10 (the ML well), has tested significant quantities of gas and is now being fully completed for future production.
After perforating, gas flowed from a Pliocene sand at a stable rate of 4.2 million cubic feet per day on a 24/64" choke with a flowing surface pressure of 1,550 psi. Condensate was also produced at a rate to be determined. Production tubing and wellhead equipment are currently being installed prior to further flow tests and pressure buildup analysis.
Following full completion of the ML well, the completion rig will move to test the second well in the exploratory drilling program, the Espino 1-2, which encountered several Pliocene sand gas zones.