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Fremont Petroleum says Bird #13-18 well continues to intersect oil

Published 11 October 2017

Fremont Petroleum says that the Bird #13-18 well continues to intersect oil with the upper 800ft of the Pierre formation producing crude oil during drilling.

• Drilling Intersects 800 feet of oil reservoir

• Target depth of Drilling expected to be reached within 24 hours

• Discovery confirms the extension over the Western flank of Florence Field

The lower 200 foot section of the Pierre formation is currently being drilled and crude oil continues to flow from the blooie line during drilling operations. The target depth of the drilling is expected to occur within 24 hours in the Sharon Springs formation.

The Sharon Springs formation is the source rock for the oil in the Pierre formation which acts as a bottom-seal to the Pierre formation. The lower section of the Pierre formation typically is where the majority of the oil reserves are stored.

This oil discovery confirms an extension over the Western flank of the Florence Field.

Approximately 16 million barrels have been produced on the Eastern flank of the Florence Field.

Minimal drilling has taken place on Fremont’s 17,000 acre Pathfinder project and the Company believes that the majority of the oil reserves are in virgin territory and remain in-place.

The Company’s safety program is on an elevated status, and pleasingly, no lost time accidents have occurred.

Upon reaching target depth, a slotted-liner will be run into the well bore in preparation for flow testing and production.

Fremont will continue to provide operational updates and confirms that the well is proceeding to plan and on budget.



Source: Company Press Release