Antares Energy Limitied: Operational Update- Permian Basin

Project: Southern StarWell: Windmill No. 1Working Interest: 97%Location: Howard County, TexasAntares Energy Limited (ASX:AZZ) advises drilling operations are nearing completion on the Windmill No 1. The well is currently below 9,700 ft. with a probable TD of 10,300 ft. Good shows with live oil in the pits were encountered in the Spraberry and shows in deeper primaryWindmill No.1 – Robinson Rig# 9 & Representative Mudlog Show in Spraberryreservoir objectives are of comparable good quality to previously drilled Southern Star wells.

At the conclusion of drilling operations at the Windmill No. 1 the rig will mobilize to the Coyote
No. 1. The Coyote No. 1 will be drilled to a total depth of approximately 10,300 ft.


Project: Big StarWell: Simmons 27 No. 2Working Interest: 72% (before payout) / 60% (after payout) – Simmons lease onlyLocation: Dawson County, Texas
Simmons 27 No. 2 has been successfully fracture stimulated in deep objectives adjacent to the Woodford Shale. The objective of this two stage completion in the Simmons 27 No. 2 is to evaluate the reservoir character of these deep objectives prior to completing shallower Wolfberry reservoirs. Strong flow back of the well started immediately upon drilling frac plugs and the well is currently producing between 30-50 BOPD (1/8”- 1/4” chokes) with 85% of load water yet to recover. Antares is encouraged by this early result and will provide market updates as the well continues to clean-up.
Simmons 27 No.2 Flowback – Oil, Gas, and Water Blowdown into lined Reserve PitGreg ShoemakerDirector & Chief Scientis




Source: 4-Traders 


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