Completes permitting for the next 3 wells Petrichor Energy (TSX-V: PTP) Completes Permitting for the Next Three Wells
Vancouver, BC / TNW-ACCESSWIRE / November 3, 2014 / Petrichor Energy Inc. (TSX-V: PTP; FSE: YQN) (the "Company") announces its continuation to execute the next phase of the Company's well development plan with the completion of permitting for the following three vertical wells (the "Wells").
The BLAKEnergy #2 Hinson well (the "#2 Hinson") will be drilled to a depth of approximately 5,200 feet to test the Strawn Sands, Caddo Lime, Conglomerate, Marble Falls, Barnet Shale, and Chappel (Mississippi) Lime. The #2 Hinson will be located approximately at the surface coordinates of Longitude-98.6325862, Latitude 33.3389839 in the Hinson et al lease.
The BLAKEnergy #1 Cobb well (the "#1 Cobb") will be drilled to a depth of approximately 6,000 feet to test the Strawn Sands, Caddo Lime, Atoka Conglomerate, Marble Falls, Barnet Shale, and Ellenberger. The #1 Cobb will be located approximately at the surface coordinates of Longitude-98.1535290, Latitude 33.3752469 in the Cobb et al lease.
TheBLAKEnergy #1 CD well (the "#1 CD") will be drilled to a depth of approximately 6,000 feet to test the Strawn Sands, Caddo Lime, Atoka Conglomerate, Marble Falls, Barnet Shale, and Ellenberger. The #1 CD will be located approximately at the surface coordinates of Longitude-98.150920, Latitude 33.379975 in the Campsey-Davis et al lease.
These Wells are the first three of five wells that were scheduled for permitting and drilling following the successful completion of BLAKEnergy Garner #2 well (refer to press release September 24, 2014). The Company is currently in the process of permitting additional locations for vertical and horizontal wells to be drilled in the Marble Falls Prospect, in which the Company owns a 66.67% working interest covering 11,695.33 acres to date, located within Young County, Jack County, Archer County and Clay County, Texas.
ON BEHALF OF THE BOARD
SIGNED: "Joe DeVries"
Joe DeVries, CEO and President