FAR watches Welder

AT First Australian Resources’ Welder Ranch gas project the Vaquero-2 well is two-thirds of the way to total depth and Vaquero-1 is undergoing completion work.
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“The Welder Ranch Vaquero-2 is an offset to the recently drilled Esenjay Bell-4 (in which FAR has no interest) which lies approximately 1,200 feet to the north," the company said in a statement.

"The Vaquero-2 well will test for Deep Wilcox gas objectives and has a planned total depth of approximately 17,000 feet.”

Meanwhile completion operations are continuing on the Welder Ranch Vaquero-1 well location to evaluate and test several zones of interest between 9,000 and 14,000.

"Completion attempts will first be made in certain of the deeper geo-pressured sands evident on well logs, which, if productive, may require fracture stimulation,” FAR said.

FAR has a 9% working interest.