Delek Resources is pleased to announce that it has, along with its joint venture partners, signed a drilling contract to drill the Wanner Prospect in North Dakota. The targeted depth will be the Lodgepole formation. The company and its partners have done a great deal of work on this prospect utilizing many different technologies which should enhance the project's success.
The Lodgepole reefs in North Dakota have been known to produce up to 4,000,000 barrels per well at rates of 2000 barrels per day. However, a large 3d seismic program was not successful as no contrast for the reefs were apparent. Delek and its partners have revived the play using alternate technologies, which have proven effective to locate these reefs. This will be the company's first prospect in North Dakota.
The company previously participated in the Eveline well in Montana. However, that well was drilled and was not commercial.
Forward-looking statements:
Certain statements in this news release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Contact:
Delek Resources, Houston
Leonard Sternheim, 713-784-8160
Source: Delek Resources
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