Alamo Energy Corp. (OTCBB:ALME), an independent co
Post# of 94269
Posted On: 03/23/2013 10:06:35 PM
Alamo Energy Corp. (OTCBB:ALME), an independent company focused on the exploration, development and production of onshore oil and gas interests in the United Kingdom and United States, is pleased to provide an update on its operations located on the 453 acre Jack D Hubbard lease, Brown County, Texas.
Alamo and its partners have commenced on a multi-well drilling, completion and re-entry program. The first well, Hubbard 1-H, was re-entered utilizing Triple Combo log data targeting the deeper oil zones. Following the re-entry of the Hubbard well and based upon the new log data, three new wells have been drilled on the acreage as part of the development program on the lease targeting the shallow oil zones.
All 4 wells are now completed and are in the clean up phase with return of frac fluids. This process is expected to take an additional 20 to 30 days.
"We are maximizing the acreage potential with new development wells, the access of new log data has allowed us to target the best deeper zones which potentially are prolific. The economics on the wells along with the risk profile are very encouraging," Allan Millmaker, Chief Executive Officer, said.
About Alamo Energy Corp.
Headquartered in London, England and with operational offices in Knox County, Kentucky and Houston, Texas, Alamo Energy Corp. (OTCBB:ALME) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company's UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo's U.S. operations are focused on the development of assets in Texas, Kentucky, Tennessee and West Virginia. For more information visit www.alamoenergycorp.com
The Alamo Energy Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7619
Alamo and its partners have commenced on a multi-well drilling, completion and re-entry program. The first well, Hubbard 1-H, was re-entered utilizing Triple Combo log data targeting the deeper oil zones. Following the re-entry of the Hubbard well and based upon the new log data, three new wells have been drilled on the acreage as part of the development program on the lease targeting the shallow oil zones.
All 4 wells are now completed and are in the clean up phase with return of frac fluids. This process is expected to take an additional 20 to 30 days.
"We are maximizing the acreage potential with new development wells, the access of new log data has allowed us to target the best deeper zones which potentially are prolific. The economics on the wells along with the risk profile are very encouraging," Allan Millmaker, Chief Executive Officer, said.
About Alamo Energy Corp.
Headquartered in London, England and with operational offices in Knox County, Kentucky and Houston, Texas, Alamo Energy Corp. (OTCBB:ALME) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company's UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo's U.S. operations are focused on the development of assets in Texas, Kentucky, Tennessee and West Virginia. For more information visit www.alamoenergycorp.com
The Alamo Energy Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7619
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