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VicPet told the market yesterday that a minor amount of gas was tested from zones in the Upper Bench, Dakota Sand and the Muddy J Sand.
There was further testing in the Codell and Niobrara formations, recovering small quantities of oil, it said.
“Given the encouragement of the oil recovered from the Codell and Niobrara zones, these zones will be fracture stimulated during the week, as is the usual practice to determine the oil flow rates that these zones can produce,” VicPet said.
“The adjacent oil producing wells of the Florence Oil Field require fracture stimulation to produce commercial quantities of oil.”
This was the first well to be drilled in the West Florence project and the 12,000 acres of associated leasehold acreage, which is in the Florence Sub Basin of the Denver Basin.
The project area, with an estimated 100-200 billion cubic feet of recoverable gas and 15 million barrels of oil, is west of the Florence oil field, which produced about 15 million barrels of oil from fractured shales of the Pierre Formation in the 1940s.
Denver-based Mountain Petroleum is the project’s operator, while VicPet has a 25% interest, Fall River 15% and Adelaide Energy 10%.
