Provides Drilling Update on the BlakEnergy Garner #2 Well Petrichor Energy (PTP.V) Provides Drilling Update on the BlakEnergy Garner #2 Well
Vancouver, BC / TNW-ACCESSWIRE / July 31, 2014 / Petrichor Energy Inc. (TSX-V: PTP; FSE: YQN) (the "Company") announces that the drilling of the BlakEnergy Garner #2 well has reached a depth of 4,503 feet (1,372.5 meters). The BlakEnergy Garner #2 well will be drilled to a vertical depth of approximately 6400 feet (1920 meters) to test the Strawn Sands, Caddo Lime, Marble Falls, Barnett Shale and Ellenberger formations.
As previously announced, the Garner #2 well is the second of three test wells to be drilled on the Marble Falls Prospect (the "Prospect"), and is located in Jack County, Texas, within the approximate surface coordinates of -98.228221 Longitude and 33.434426 Latitude. The Company owns a 66.67% working interest in the Prospect, which covers 11,695.33 acres to date, located within Young County, Jack County, Archer County and Clay County, Texas.
The Mississippi Lime is a Mississippian age porous limestone formation that is deposited beneath the Barnett Shale, which is analogous to the Mississippi Lime play in Kansas and Oklahoma. The Marble Falls formation is a Pennsylvanian age limestone, analogous to the Strawn Lime play in West Texas. To date, independent operators have drilled over 50 vertical and horizontal multi-stage fraced wells in the Marble Falls and Mississippi limestone with positive results.
ON BEHALF OF THE BOARD
SIGNED: "Joe DeVries"
Joe DeVries, President