Big Sky Petroleum Corp (TSXV:BSP) completed permitting of the first vertical Wolfberry test in its Midland Basin prospect in Texas. The Company has a 90% interest in this prospect.
As quoted in the press release:
The overall Wolfberry interval, which is approximately 1,000-feet thick, is an unconventional oil play that also includes a liquids-rich natural gas component. The scheduled spud date for the Schafer No.1 is January 15th and will be drilled to a vertical depth of 7,300 feet.
Big Sky Petroleum Corp President, Sam Nastat said:
Given the high success rate of Wolfcamp/Wolfberry exploration in the Southern Midland Basin, the management and technical team of Big Sky is confident that Big Sky’s positioning within this continually expanding play will enable Big Sky to establish itself as one of the early key players in the expansion of this play.