Wireline logging carried out by operator Richland Resources Corporation after the John Beeler-1H well reached its total vertical depth of 7,250 feet (2.210 metres), confirmed hydrocarbon pay in the Woodbine A and B as well as the Sub-Clarksville formations.
Drilling of the 7,000 feet horizontal section in the Woodbine A Formation, the same zone that is being completed in Beeler-1H will begin immediately.
John Beeler-1H, which is located about 2,000 feet west of Beeler-1H, is expected to be drill, fracture stimulated and completed by mid-November 2012.
The joint venture is also preparing to run production casing and carry out a 32 stage frac of the Beelier-1H well after drilling the 6,100 feet lateral section.
This is expected to be completed by late October 2012.
The third well in the current program, Ellis-1H, is expected to spud on or around 7 October 2012 immediately after the Nabors M47 rig runs production casing at Beelier-1H.
Ellis-1H is expected to be drilled, fracced and completed by the end of November.
Sun has a 13.5417% working interest (10.1563% net revenue interest) in Beeler-1H and 16.67% working interest (12.5% NRI) in John Beeler-1H and Ellis-1H.
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