Petrichor Energy (TSX-V: PTP; FSE: YQN) Commences Drilling Operations
Vancouver, BC / TNW-ACCESSWIRE / July 25, 2014 / Petrichor Energy Inc. (TSX-V: PTP; FSE: YQN) (the "Company") announces it has commenced drilling operations at the BLAKEnergy Garner #2 Well (the "Well), on July 24, 2014. The Well will be drilled to an approximate depth of 6,400 feet (1,920 metres), to test the Strawn Sands, Caddo Lime, Marble Falls, Barnett Shale and Ellenberger zones.
The Well is the second of three 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 Marble Falls formation is a Pennsylvanian age limestone, analogous to the Strawn Lime play in West 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. 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"