Coho Updates Brookhaven Drilling Results Following Discovery.DALLAS--(BUSINESS WIRE)--Oct. 20, 1997--Coho Energy Inc. (NASDAQ/NMS: COHO)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CEE cee n. The letter c. .) announced today that the first delineation well to the Brookhaven discovery, the 5-1 No. 1, has tested at a combined rate of over 600 barrels of oil per day (BOPD BOPD Barrels of Oil Per Day BOPD Bataan Ocean Petroleum Depot ) and is being turned to production from two Paluxy sands at the well allowable of 400 BOPD. During an extensive testing period four Paluxy sands were tested, all tested oil. The test results suggest that three other untested Paluxy and three other untested Washita Fredricksburg (Wash Fred) sands are productive. Coho plans to apply to the Mississippi Mississippi, state, United States Mississippi (mĭs'əsĭp`ē), one of the Deep South states of the United States. It is bordered by Alabama (E), the Gulf of Mexico (S), Arkansas and Louisiana, with most of the border formed by Oil and Gas Board to commingle commingle to mingle together, e.g. cattle mingling with deer. production in the Paluxy and Wash Fred with increased allowables and if approved will produce the reservoirs together. The 5-1 No. 1 is one third of a mile northeast and updip from the 5-7 No. 1 discovery well which has produced over 60,000 barrels of oil from the Wash Fred since being turned to production in May. Current production from the discovery well is 400 BOPD. The second delineation well, the 32N-14 No. 1 located two-thirds of a mile northwest and downdip from the discovery well has tested oil from one Wash Fred and one Paluxy sand. Two more Paluxy sands will be tested prior to putting the well on production. A total of eight Wash Fred and Paluxy sands appear productive in the well. A third delineation well, the 5-11 No. 1, located approximately one half mile southwest and downdip of the discovery well is drilling at 12,500 feet in the Paluxy formation and is encountering hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen shows. This well is to be drilled to a total depth of 13,600 feet through the Paluxy formation. A fourth delineation well, the 4-11 No. 4 located three quarters of a mile downdip and southeast of the discovery well is currently drilling below 9,000 feet going to a total depth of 13,600 feet. Three more delineation wells are planned to spud during the remainder of 1997. Two of these wells are located over one mile east and northeast of the discovery well. Coho Energy Inc. is a Dallas based independent oil and gas producer focusing on exploitation of underdeveloped un·der·de·vel·oped adj. Not adequately or normally developed; immature. oil properties and exploration in the Mississippi Salt Basin. CONTACT: Coho Energy Inc. Jeffrey Clarke or Anne Marie O'Gorman, 972/774-8300 |
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