News - hit on well #4!Continuous string of good news. Only 6 days to drill 4th well. Already started well number 5.
Well #1 flowing at 4.5 MMCFD.
Clearly they can drill 10 production wells in a matter of months.
Bridge Resources, Paramax begin drilling last well
2010-05-03 09:18 ET - News Release
Also News Release (C-BUK) Bridge Resources Corp
Mr. Edward Davies of Bridge reports
BRIDGE RESOURCES CORP. AND PARAMAX RESOURCES LTD. COMPLETE FOURTH WELL IN IDAHO
Bridge Resources Corp. and Paramax Resources Ltd.'s fourth joint well in their Idaho drilling program, the State (Teunissen) 1-17, has been drilled in six days to total depth of 4,520 feet.
Based on mud-log shows and wire-line logs, production casing has been run and cemented to test potential gas pay sands down to a depth of 2,000 feet. The production testing will be undertaken with the same completion rig that tested the M.L. Investments 1-10 well and is now on location to begin testing operations on the previously production-cased Espino 1-2 well.
The drilling rig has now commenced drilling the last well in the current exploratory program, the Schwarz 1-10, located 12 miles northeast of the State 1-17 well. This well has a target depth of 3,500 feet.
Further testing of the M.L. Investments1-10 well, following installation of tubing and well-head equipment, flowed gas on a 3/8" choke at a stable rate of 4.5 million cubic feet per day with 54 barrels per day of 61.5 degrees API condensate and no water. The initial and final shut-in pressures of 1,600 psi were unchanged.