Quicksilver pops higher on initial results from Pecos County well

|By:, SA News Editor

Quicksilver Resources (KWK +10.1%) surges after announcing the initial results of its first horizontal well under its exploration agreement with Eni (E +0.2%) in Pecos County, Texas.

KWK says the Stallings #1H well began flow back two weeks ago and now is producing at a rate of 750 boe/day (90% oil), and is drilling the Mitchell #1H, the second of its JV wells with Eni.

KWK is operator of Stallings #1H and owns an equal working interest with Eni.