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Halcón Resources Corporatio Message Board

  • winallin12 winallin12 Mar 25, 2014 8:49 AM Flag

    News from Austin XP on Halcon JV Well

    Austin Exploration (“Austin” or the “Company”) (ASX:AKK) today announced that the first horizontal Eagle Ford
    well of a three well farm-out program with Halcón Resources, the Stifflemire #1H well, was successfully drilled
    to a total measured depth (TMD) of approximately 17,000 feet with an 8,000 foot lateral. The well was
    completed with a 30 stage frac, and is currently flowing back.
    The operator, Halcón Resources, has requested that the initial production rate be kept confidential for the next
    45 days.
    VP and General Manager of Austin’s Southern Business Unit Aaron Goss, said: “Observing Halcón Resources
    drill and complete this well certainly validates their reputation as one of the most technically sound operators
    in the oil and gas industry. We look forward to a bright future in the Eagle Ford with Halcón Resources”.
    Plans to drill Austin’s second well in the Eagle Ford with Halcón Resources are underway. Material updates on
    the Birch Project will be communicated once they are available.
    The Mississippi #4 well is currently being perfed into the identified 13.5 ft oil column and production testing is
    expected to commence shortly. Results will be communicated when they come to hand.

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