Amazing Energy Oil & Gas Co. (AMAZ:OTCQX) announced in a news release it reached total depth of 3,850 feet at WWJD #31H, its first horizontal well in Texas' San Andres Formation, and is now moving into the completion stage. WWJD #31H is a 1,547-foot section that extends horizontally from the previously drilled vertical wellbore.
During drilling of WWJD #31H, Amazing ran multiple logs, including "a quad combo," noted the release. After reaching total depth, it set casing and dismissed the drill rig. The next step is to send all log results, "including original Halliburton RockVision logs and cores," to the fracking contractor to determine the best sections to complete and stimulate and the most effective approach. Amazing will announce the completion results once they are ready.
"The successful drilling, testing and completion from the prolific San Andres Formation are huge milestones for us and should be the bellwether for our near-term development plans and growth," CEO Will McAndrew said in the release.[NLINSERT]
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