Union Jack Oil plc joint venture has identified “several zones of interest” within the Crossroads well, located in Garvin County, Oklahoma, USA.
TESTING
Partner and operator Reach Oil and Gas Company Inc. completed drilling the well to the target depth of 4,600 ft, and took electric logs ahead of running and cementing production casing.
Union Jack, which holds a 43% interest, said that Crossroads had encountered “good hydrocarbon shows at several levels from the Hoxbar down to the Basal McLish intervals”.
Evaluation and testing, on “four intervals with production potential” is due to begin in mid-June.
Executive chairman David Bramhill added that Crossroads had “excellent upside potential”.