(HUSA) finds oil!! Everyone read! Houston American Energy Corp (NYSE MKT: HUSA) today announced that it has completed the drilling of the Zorro Gris #1 well to a total depth of 13,160'. Based on the recommendation of the operator, and agreed to by Houston American, tests are expected to be conducted in the Une and Guadalupe formations with potential additional testing in the Barco and Mirador formations. The well has been cased with a 7" liner from the 9 5/8's intermediate casing set from approximately 11,898' to total depth. Testing is expected to begin in the next several days and results will be announced when available. what does that mean? 3.1 Well Design and Production Casing Cement The design of an offshore oil and gas well is exclusively the responsibility of the operator. An operator’s geologists and engineers, or their contractors, analyze all available data, including proprietary seismic data, to determine the proper type and strength of the casing, cement, centralizers, reamers, shock absorbers, wellhead, and other equipment and materials that will be used to maintain well integrity and prevent failure throughout the construction and production lifespan of the well. Using this and other information, the operator must develop and submit to the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), formerly the Minerals Management Service (MMS), a detailed well plan that defines where and how a well is to be drilled, cased, cemented, and completed. Once approved by the agency, the operator’s well plan serves as the basis for all decisions that the operator will make during the construction of the well. Drilling and other contractors are hired by the operator to help execute the operator’s approved well plan. In english they found oil, I know how this works because i used to work for TJR drilling rigs in NM! Strong buy before market close! |
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