Sunridge Energy Corp. (TSX-V: SRG) announced that field operations are underway on its 102/14-22-47-25-W4 well that was drilled in August.
Sunridge has performed a full-diameter XRD core analysis on this well. The ensuing results display a striking similarity to the original discovery well at 9-36. Reservoir porosity, permeability, mineralogy and oil staining all compare favorably to the 9-36 new producing well, 4.5 km away. The completion is programmed to perforate 12.0 meters within the 15.0 meters of net pay, with an aggressive fracture treatment.
This well should commence production in early October.
The company has now delineated an oil-bearing trend of field-size proportion. Estimated gross areal extent is 9.5 km x 5.0 km. Sunridge is planning a re-entry of an existing vertical well in the discovery area, followed by a horizontal drilling program. Further drilling is expected to be conducted following the current seismic data review and, possibly, the implementation of a 3-D seismic program.
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