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  • Sun Resources Increasing Oil Flow At Woodbine Oil Well 0 comments
    Dec 6, 2012 1:01 AM

    Sun Resources (ASX: SUR) is observing an increase in oil rates at its Beeler-1H Woodbine horizontal well at the Richland Oil Project in Texas as clean up continues.

    The clean-up is currently being carried out on a restricted surface choke though choke sizes will be increased and artificial gas lift equipment will be installed over the coming days to facilitate the clean-up process.

    An initial oil flow rate will be provided when the clean-up process is complete and oil production has stabilised.

    Operator Richland Resources Corporation has also mobilised the fracture stimulation crew to the John Beeler-1H drill site and has started fraccing operations.

    The 37 stage fraccing process will be undertaken along the 7,300 feet length of the lateral.

    Sun has a 13.5417% working interest (10.1563% net revenue interest) in Beeler-1H and 16.67% working interest (12.5% NRI) in the other wells, including John Beeler-1H.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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