Armada Oil, Inc. provided an update on the drilling the Bear Creek # 1 well in Carbon County, Wyoming.
The drilling of the Bear Creek #1 is ongoing. The depth required to comply with the provisions of the Anadarko Farmout agreement has turned out to be deeper than the pre-drilling geo-prognosis suggested and drilling of the deeper part of the well has been challenging. In addition, the drilling schedule was delayed a few days due to a coring tool being stuck in the hole, As a result, the schedule for completion of the drilling phase has slipped and will likely take another week to ten days. We will provide a comprehensive update when we are finished drilling and have the appropriate data.
“There are a lot of variables involved in drilling any well, especially a test well in a new area. Many of the pre-drilling assumptions have to be adjusted along the way. Information collected from drilling samples in the Niobrara and a couple of the conventional zones is very promising. We look forward to the completion of drilling so that we can assemble the analysis from the various disciplines and provide a comprehensive report to our shareholders.” said Randy M. Griffin, CEO of Armada Oil, Inc.