Big Sky Petroleum Corp (TSXV:BSP) drilled the Schafer No.1 vertical Wolfberry Well on January 18th, located on its Texas Midland Basin Property. The Well is scheduled to be completed and frac’d during the week of February 18th.
As quoted in the press release:
The well was drilled to a TVD (Total Vertical Depth) of 7,370 feet without any incidents and below the wells’ initial cost estimate. The well has been cored, logged and cased. The technical data from both the coring and logging operations has been submitted for analysis and evaluation to determine the multiple horizons which the Company will complete within the wellbore.
Big Sky Petroleum Corp President, Sam Nastat said:
The Management of Big Sky is very pleased with the performance of our recently established operating company, BSP Operating, LLC. We drilled the well to 7,370 feet TVD in seven days; logged, cored, cased and cemented the hole in a period of 5 days and came in under budget. We could not have asked for a better performance from our operating division.