Oil discovery adjacent to Sun Resources’ Jack Howe #1H

THE ROADHOUSE BOWSER: Sun Resources (ASX: SUR) announced that EOG Resources Inc. reported a 24-hour flow rate for the Zeus #1H horizontal Lower Woodbine well.

The well is adjacent to the east of the Jack Howe #1H well location within Sun’s Normangee oil project.

Sun (50 per cent WI and Operator) has contracted the Nabors Drilling USA LP Rig #53 to re-enter the existing vertical pilot well bore at the Jack Howe #1H well location and operations have commenced there.

Sun said EOG reported a 24-hour flow rate of 299 barrels oil, 150 mcf gas, and 184 barrels of water was recorded on 6 August 2014 but was preceded by the flow back of 23,860 barrels of oil prior to making the report.

Sun staff observed that EOG’s multi-stage frac job at Zeus #1H was completed in mid-June 2014.

Sun claimed therefore, an average 30-day IP rate can be estimated across approximately 50 days of flow back, giving a 30-day IP of at least 500 boepd.

The oil tested was measured at an API gravity of 38 degrees and a gas-to-oil ratio (GOR) of 501, measured on a 22/64ths choke (8.7mm).

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Website: www.sunres.com.au