Mesa Energy Holdings Inc. (OTCBB: MSEH) has completed a successful workover of the LLDSB # 10 well in its Lake Hermitage field in Plaquemines Parish, La.
According to the release, the initial results have been promising with production rates as high as 200 barrels of oil per day. The company is continuing its workover and recompletion activity in the field and expects additional results soon.
Due to a series of complications, the company has abandoned the Thomas Unit #6H well in its Turkey Creek project in Garfield County, Okla. The mechanical failure of a drilling motor assembly combined with a very difficult shale section just above the Mississippi Limestone precipitated a series of issues that ultimately could not be overcome. However, the extensive logging and testing of the pilot hole early in the drilling process has provided the company with information about the Mississippian Lime and Woodford shale. The team will fully evaluate the results of this effort and is looking forward to additional drilling and expansion of the company’s acreage position in the Mississippian Limestone play later this year.
According to the release, the company is also expecting to close a transaction with Armanda Oil Inc. for an additional horizontal drilling program in the Niobrara shale in southeast Wyoming later this year.
Headquartered in Dallas, Mesa Energy Holdings is a growth-oriented E&P company.