Blacksands Petroleum, Inc. BSPE -0.25% ("Blacksands") has drilled the BVR 6 Well No. 1 to a total depth of 7,949'. This is Blacksands' first operated well in the Permian Basin in Borden County Texas. Blacksands is evaluating the Lower Spraberry (Jomill and Dean sands) and Lower and Upper Wolfcamp, and anticipates perforating and fracture stimulating and producing all of the formations. Blacksands has an interest in approximately 9,000+ acres (5,000 net mineral acres) in the Apclark field. Blacksands plans to evaluate formations below the established Jo Mill Field pays, including the Wolfcamp, Strawn and Upper Mississippian formations, with future drilling.
In addition, Blacksands has filed application to be listed on NASDAQ Capital Markets.
About Blacksands Petroleum:
Blacksands Petroleum, Inc. is engaged in the acquisition, exploration, and development of conventional and unconventional oil and gas fields in N. America. Blacksands owns approximately (i) 9,000 gross (5,000 net) acres in the Midland Basin, Texas and (ii) 147,262 gross (73,631 net) acres in the Pedregosa Basin, New Mexico. Blacksands operates three producing properties in Texas.
Source: Market Watch
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