EnerJex Resources, Inc. has recently tested a second confirmation well in its Niobrara Project located on a separate subsurface structure approximately one mile away from the well that it reported test results from several months ago. Test results from the second well were consistent with the first well and achieved an initial production rate of more than 600 thousand cubic feet of natural gas (Mcf) per day on an 14/64" choke from the Niobrara formation at a depth of approximately 2,900 feet.

As previously announced, the Company has filed 17 drilling permits in Sedgwick County, Colorado, where it has identified dozens of high-ranked drilling locations based on 3D seismic analysis. EnerJex has completed its assessment of the costs and timing associated with this development, including drilling and completion operations, pipeline construction, and the upgrade of an existing tap which the Company previously acquired that connects to the Trailblazer pipeline.

Tags: EnerJex Resources