PetroSun, Incorporated (PSUD.PK) announced today that the Spencer Harris 7000 drilling rig recently surveyed by ModuSpec USA will drill the Muslow #2 prior to being shipped to the Canning Basin of Western Australia. PetroSun has engaged the Australian drilling superintendent for the firm’s Lanagan A well to be present during the drilling of the Muslow #2. This will allow the Australian drilling crew to become familiar with the Spencer Harris 7000 during actual operations prior to drilling the Lanagan A.
The Muslow #2 is a 5,000 foot development well located on the 2,961 acre Muslow lease in the Caddo Pine Island Field of Caddo Parish, Louisiana. The Muslow #1 produces approximately 16 barrels of oil and 50 thousand cubic feet of gas per day from the Glen Rose formation. The Muslow #2 is scheduled to be spudded prior to the end of August. PetroSun holds a working interest position in the Muslow lease.
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