The Energy Report
Source: Streetwise Reports 01/17/2019
The next step for this energy company is completion of the most ideal sections.
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.
Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
“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.
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Amazing Energy, a company mentioned in this article.
( Companies Mentioned: AMAZ:OTCQX,