Field Development
| Location: |
Ford County, Kansas |
| Analog Production: | Wells 2 miles away cum. 344,000 BO and 1 BCF gas- other wells 35-40,000 barrels |
| Land Holdings: | 7,040 gross acres under lease |
| Interest: | 50% Working Interest, 40.75% NRI |
| Drilling Timeline: | 1st Well in Production
10 Well Program - 1 per month |
| Depth of Test: | 5,400 ft. |
| Recoverable Reserves Estimate: |
3,000,000 barrels potential |
| Gross Pay Interval: | 12+ ft. |
| Number of Potential Locations to Drill: | 10 - one every other month |
| Projected Initial Production Rate: | 200 BOPD |
| Work Program | 1st well In production
January 2010 |
American Petro-Hunter has successfully drilled the first of a series of wells proposed for the Rooney oil project located in southwestern Ford County, Kansas, 20 miles due south of Dodge City off US Highway 283. The acreage block presently contains 8 sections totaling 5,120 acres in T-29-S, R-24 & 25W Ford County.
Management considers this acreage to be a “core” land holding, one that future development can provide the basis for the requisite BOE production necessary to meet intermediate and long term goals. The Rooney Project is directly adjacent to the north edge of an existing oil and gas production area. An analog well designated as 3-30-25W in the pool has cumulatively produced 344,448 Barrels of oil and 933,622 MCF gas. There are multiple wells within 2 miles of our acreage that have produced in the 35,000 to 40,000 barrel range from discrete sand channels.
The #24-1 Double H well was drilled in late November of 2009 and encountered a 12 foot pay zone that produced excellent quality 44 degree oil in the tubing up to the surface from 5,400 feet of depth with fluid test results returning 99% oil cut. The strong down-hole reservoir pressure combined with the initial data results have allowed engineers to calculate that the well should be capable of producing over 200 barrels per day.
After a review of the 3D seismic data in conjunction with the electronic logs, the potential barrels of oil associated to the #24-1 Double H well and underlying oil pool are currently estimated at 500,000 barrels and the Company feels the potential for the newly discovered reservoir is 3,000,000 barrels of oil.
American Petro-Hunter is now preparing to commence offset drilling operations at the Rooney Project in Kansas. The Company participated in a 3D seismic shoot this summer which has provided ample data regarding the potential on the acreage. The shoot was successful as multiple targets have been identified from the recently interpreted 3D seismic across the entire acreage.
The partners and operator have identified up to ten promising targets and are readying plans to move ahead with the first in a series of 5 wells chosen as the best candidates heading into 2010. The first offset location is being readied and, if successful, an ongoing multi well program is envisaged immediately thereafter.
