First US well pays off for Amity

Amity Oil has finally been able to report some positive news with the Ellis-1 well in Oklahoma yielding a better than expected result, with over 100 feet of gross pay being interpreted in three separate sand units.
First US well pays off for Amity
First US well pays off for Amity
First US well pays off for Amity
First US well pays off for Amity
First US well pays off for Amity

An Amity drilling report said the main Morrow “B” sand was encountered between 10,775 feet and 10,852 feet with a combined net gas sand of 26 feet present in two discrete units.

“Additional gas zones are interpreted in the “D” sand, and “E” sand with an additional combined net pay of approximately 20 feet. Whilst the “C” sand did indicate gas it appears to be poorer quality than the others.”

Amity said the Morrow D & E units and possibly the B unit will require fracture stimulation, as is the normal practice with successful wells in the area. It said a firm slot for a frac crew has been organised for October 30.

The well was drilled to a total depth of 11,500 feet (3,505metres).

Amity’s working interest in this project is 99.5% and net revenue interest, after royalties is approximately 77%.

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