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Saratoga Resources, Inc.
today
provided an update on its recent development drilling activity in Breton Sound
Block 32 field.
The SL 1227-25 “Rocky” well, in 13 feet of water depth, was spud with the
Parker 77B inland barge rig on July 4^th. A directional pilot well was drilled
to a total depth (“TD”) of 6254' measured depth (“MD”)/5858' true vertical
depth (“TVD”), as planned, before plugging back and drilling a 750' sidetrack
horizontal section to a TD of 7178' MD/5790' TVD, reached on 24^th July. The
well was subsequently completed and the rig moved to our Zeke location in the
same field on August 3^rd. The Rocky well tested on August 20, 2013 at a gross
rate of approximately 600 BOPD and 120 MCFPD on a 16/64” choke with FTP of 650
psi, or net 508 BOEPD, and has been tied back to Saratoga's Breton Sound 32
platform. The rate continues to improve as the well stabilizes. Final costs on
the Rocky well are expected to come in below the pre-drill AFE.
The SL 1227-26 “Zeke” well was spud on August 5^th and drilled as a
directional hole to a TD of 6,430' MD/5836.7' TVD. The well is a high angle
directional well, with a short reach horizontal section, in the same 5800'
sand as Rocky but in the eastern portion of Breton Sound 32 field. There is
also an uphole 5,750' sand recompletion opportunity in the Zeke well, which
can be accessed in the future. The Zeke well is awaiting completion and
testing. If successful, the Zeke well will also be tied back to Saratoga's
Breton Sound 32 platform.
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