Delta Oil & Gas, Inc. announces that the third well at Wordsworth, Saskatchewan (the "2-23 horizontal well") has been drilled and completed and initially produced approximately 72 cubic meters of oil (454 barrels) of flush production per day. The Company expects the production to settled at around 80 barrels of oil per day. The well was drilled to a total horizontal depth of approximately 6,244 feet, swabbing was undertaken from total depth to 3,415 feet on approximately 330 feet intervals at various rates and tubing was set at 3,415 feet. The well began flowing under its own pressure on November 14, 2008.
This well is different from the first well drilled at a nearby location in that the oil pay zones in this well are spaced out along the length of the well rather than concentrated at one end of the well. This means that the new well should drain parts of the dolomite oil reservoir not encountered in the first well.
Delta Oil anticipate that this well will produce at its strongest levels in the first two years and expect to extract in excess of 60,000 barrels of oil in that time. Additionally, this well provided some important insight into the porous reservoir distribution in this area of the field and will help in determining the locations of future wells to maximize the recovery of hydrocarbons.
Delta owns a 7.5% working interest in the 2-23 horizontal well. This area is known for prolific oil reserves in numerous Mississippian Alida pools The Company is now in discussions with the operator with respect the drilling of additional wells in the vicinity.