Torchlight Energy Resources said its Flying B Ranch has been drilled to a total depth of 6470feet.
The company said the well has been logged and 25 sidewall cores have been taken from different pay zones.
It has now been cased and cemented in preparation for a near term fracking and completion.
Rich Masterson, Torchlight’s consulting geologist, said:”We are encouraged with the initial scientific data from the logs as it correlates very well with the offset Davis Bros. Harris Est. #1 well from a pay, porosity, and resistivity perspective.
“In addition, we have some preliminary data from the CMR and Lithoscanner log analysis and as expected, the results are showing that the rock qualities in this Flying B Ranch #1 well are very similar to the wells drilled in the Wolfberry formation (a name coined to indicate the Permian Basin Shale play including comingled production from the Wolfcamp, Dean and Spraberry formations). We encountered over 400 feet of pay zone and have identified at least two horizontal targets.
“The Wolfcamp A&B, the Dean, the Leonard, and the Spraberry formations are all present and showing as potential completion targets. The zones have low clay content and high organic content.”
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