Zulu Energy Corp. has spudded two additional wells under its coal bed methane exploration program on the Company's Pandamatenga licenses in northeastern Botswana, Africa.
The new wells - 2008-02 and 2008-04 - bring to three the total number of wells now underway in the area. The initial well - 2008-01 - was spudded in June and is still in process. The Company plans a total of 18 stratigraphic exploration holes to determine the most favorable areas for core desorption tests to determine gas content. Based on that information, the Company intends to determine final locations for production pilots.
"We are moving forward aggressively on our drilling program and continuing to build our equipment infrastructure to support our growing operation in the area," said Paul Stroud, president and CEO of Zulu Energy. "Our first three wells are intended to range in total anticipated depth from 600 meters to 1200 meters, giving us broad exposure in the coal-bearing lower Ecca. We have three additional drilling sites identified at present and expect to begin drilling them in the third quarter."
Stroud said that drilling on 2008-02 is penetrating through the Kalahari Sands at more than 100 meters with a planned total depth of 1200 meters. Drilling on the 2008-04, currently at approximately 55 meters, is anticipated to reach a depth of 900 meters.
Zulu Energy's Pandamatenga licenses cover approximately one million hectares (2.2 million acres) in an extension of the Mid-Zambezi Basin in northeastern Botswana - an area we believe to have strong potential for coal bed methane hosted in the Lower Ecca Group of the Permian age Karoo Supergroup.
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