We've Hit Gas! Seisma Oil Research, LLC And Partners' Bigger Badder Wolf, Successful and Anticipation to Turn to Sales No Later Than January 2, 2008Press release June 20, 2008 Business
Seisma Oil Research And Its Industry Partners’ Bigger Badder Wolf, Successful And Anticipated To Turn To Sales
Seisma Oil Research And Its Industry Partners' Bigger Badder Wolf, Successful And Anticipated To Turn To Sales January 2, 2008. On Saturday, December 8th, EnerMax, Inc announced to its partners that the Y-6D was successfully penetrated and that it has two potentially productive intervals. Initial reports from the drilling site show that the first lobe has approximately 4-6 feet of net pay with porosities ranging from 21-25%. It is comprised of good clean sand and should be a profitable producer with no stimulation required. The second lobe has approximately 10-12' of net pay with porosities ranging from 24-32%. Further reports assure that this is also nice looking sand and should produce flowing with no stimulation required.
When asked about the well's status, Bret Boteler of EnerMax had this to say,"Production casing has been set and cemented. The rig will be released on Friday. The gas pipeline is very close so we have the capability to be online and producing very quickly. Fort Apache has done quite a bit of planning to ensure that we have the necessary production equipment in place so that we can turn the well to sales on January 2, 2008."
A recent new comer to the Oil and Gas industry, Justin Solomon, President of Seisma had this to say on his most recent trip to Texas about Bigger Badder Wolf, "We have always had confidence in our partners EnerMax, 4G Companies and American Energy Partners to bring this one home and they did so within the estimated amount of drilling time. We are excited to be a part of this and to be able to have returned to our investors what we projected Bigger Badder Wolf would be. I agree with Bret when he says that this well appears to be very good well."
Boteler continued, "This should be very rich gas, producing 100 barrels of condensate per every 1,000 MCFG. Due to this zone being a pressure depleted drive, we should be able to produce the well at maximum potential, with well head pressures expected to be in excess of 5,000 psi. We will monitor draw down and pressures after the well has been online for 30 days, then will be able to make better estimations on sustained flow rates and total reservoir potential."
Continuing reports and updates on Bigger Badder Wolf will follow.
About Seisma Oil Research, LLC
When called upon to bring their partners preeminent and technically sound state-of-the-art oil and gas-drilling programs to market, Seisma Oil Research, LLC continues to deliver, barrel upon barrel. Seisma was conceived, engineered and placed to become a global conduit for an increasingly demanding industry. Seisma Oil Research, LLC has already surpassed its primary expectations by expanding partnerships and opening world markets and is now forging ahead within new partnerships and associations.
Through their unique brand of corporate management they are able to offer opportunities to prospective investors that have, until their arrival in the market place, been historically unattainable by many of their partners around the globe. Supported by decades of executive experience, industry knowledge and relationships and the best technology on offer, Seisma Oil Research, LLC continues to develop and expand their partnerships and portfolio of energy focused investments.
Seisma's principal responsibility to its investors is to intelligently acquire, operate, explore, exploit and develop oil and gas properties. Their portfolio includes production, exploration, pipelines and water rights, with a new value added emphasis on renewable energies such as ethanol and bio diesel they continually strive to be among the cutting edge this industry's leaders.
Seisma's operations are carried out predominantly in the Mid-Continent Region, Permian Basin, and Gulf Coast/Gulf of Mexico. Their partners are positioned around the globe, and by having preferential access to Seisma's research they are enabled to actively participate in Seisma's growth. Their success is wholly based on the enthusiasm, commitment, and talent of our people. The ethos of our corporate culture is one of integrity, innovation, accountability and team effort.
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This press release may include forward-looking statements as defined by the Securities and Exchange Commission. Such statements are those concerning forecasts, estimates, expectations and objectives for future operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The above mentioned program has been fully funded and is not available to new investors.