Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/target-energy-limited-provides-update-on-fairway-o-2.shtmlTarget Energy Limited provides update on Fairway operations
US-focused oil and gas producer Target Energy Limited is pleased to provide an operations update on its Fairway Project in the
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US-focused oil and gas producer Target Energy Limited is pleased to provide an operations update on its Fairway Project in the Permian Basin, West Texas.
◾ Drilling has concluded at the Homar #1 well (Target has a 60% Working Interest) with the well reaching a Total Depth of 3,292m (10,800 ft). Homar #1 experienced strong oil and gas shows throughout the Wolfberry section as well as a strong show in the Fusselman Carbonate. Production casing has been run in the well, which will be completed as an oil and gas producer. ◾ Drilling is currently underway at Ballarat 185 #1, approximately 5 kms east of the Sydney lease in Glasscock County. Operations commenced on 7 June 2014, with the well presently at a depth of 128m (420 ft), running surface casing. Ballarat 185 #1 will be drilled to a planned Total Depth of 3,350m (11,000 ft) and will test Fusselman and Wolfberry targets. Target has a 60% Working Interest.
