Greater Sooner Holdings, Inc. Details Operational Excellence at Webb County Sidetrack Well.HOUSTON -- Greater Sooner Holdings, Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :GSNH) (www.greatersoonerholdings.com) announces the team of operational experts selected to drill and log of the LOMT #1 Sidetrack well in Webb County, Texas Webb County is a county located in the U.S. state of Texas. In 2000, its population was 193,117. In 2006[1] its population had been estimated to have reached to 231,470. Its county seat is Laredo6. . The Operator has awarded the business to the following service providers: --Halliburton's (NYSE NYSE See: New York Stock Exchange :HAL Hal: see Halle, Belgium. hal In Sufism, a state of mind reached from time to time by mystics during their journey toward God. The ahwal (plural of hal) are God-given graces that appear when a soul is purified of its attachments to the material world. ) Baroid Fluid Services division is providing the necessary drilling fluids and muds. --Platinum Production Testing Service will execute flowback tests indicating the pressure regime for this well. --Professional Directional will provide directional drilling Directional drilling (sometimes known as slant drilling outside the oil industry) is the science of drilling non-vertical wells. Directional drilling can be broken down into three main groups: Oilfield Directional Drilling, Utility Installation Directional Drilling (commonly solutions. --Schlumberger (NYSE:SLB SLB Solomon Islands (ISO Country code) SLB Schlumberger Ltd. (oil field services firm) SLB Server Load Balancing SLB Sport Lisboa e Benfica (soccer) ) will acquire open hole logs that are used to identify the geological makeup of target production zones. The Operator will also enable operational updates over the Internet to the Greater Sooner Holdings website, allowing shareholders to track drilling operations directly from the wellsite. Greater Sooner owns a working interest in this well, the first in partnership with proven Operator Carburante Exploration. Due to rig availability, drilling operations are scheduled by early November. The company continues to make its shareholders aware of terminology associated with its operations. The following definitions pertain to our field operations and activities. Directional drilling: also called slant hole drilling. The technique of intentional, controlled drilling at an angle from the vertical by deflecting the drill bit. Although wellbores are normally drilled vertically, it is sometimes necessary or advantageous to drill at an angle from the vertical. Controlled directional drilling makes it possible to reach subsurface areas laterally remote from the point where the bit enters the earth. It involves the use of turbodrill, whipstocks, or other deflecting tools. Deviated hole: a hole drilled in a non-vertical direction to reach the target zone. Drilling mud: a drilling mixture consisting of one or two liquid phases and dissolved and undissolved solids with properties tailored to a particular problem. It cools and lubricates the drilling bit, conditions the formation wall, removes cuttings from the borehole bore·hole n. A hole that is drilled into the earth, as in exploratory well drilling or in building construction. , brings traces of formation fluids to the surface, and, when it possesses certain characteristics, it provides a wellbore medium suitable for some electrical, acoustic, and nuclear well-logging measurements. Types include oil emulsion, invert in·vert v. 1. To turn inside out or upside down. 2. To reverse the position, order, or condition of. 3. To subject to inversion. n. Something inverted. oil emulsion, oil-base mud, and water-base mud. Flowback: after a shut-in period, fluid is allowed to flow back over a fixed choke, and the pressure and the returned volume are recorded as a function of time. Flowback tests are a preferred method for measuring the minimum horizontal in-situ stress of a well, helping to determine the fracture regime of the target geological formations. Open hole: an uncased hole, or uncased portion of the hole. Uncased as in casing never existed or has been removed. Open hole log: a well log acquired in an uncased hole. Petrophysics Petrophysics (petro is Latin for "rock" and physics is the study of nature) is the study of the physical and chemical properties that describe the occurrence and behavior of rocks, soils and fluids [1]. : the study of the physical and chemical properties that describe the occurrence and behavior of rocks, soils and fluids measured by well logs and other devices. The goal is to determine the behavior and characteristics of a oil or gas reservoir; by studying such parameters as Porosity, Water saturation, and Permeability. Well log: also known as wireline log, borehole log. The product of a survey operation, also called a survey, consisting of one or more curves. Provides a permanent record of one or more physical measurements as a function of depth in a well bore. About Greater Sooner Holdings: Greater Sooner Holdings, Inc., based in Houston, Texas is an investment holding company with primary interests in crude oil and natural gas exploration and production. Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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