Today, Ameriwest Energy Corp. announced the inking of final, requisite drill-site agreements towards the spud of the Ameriwest Fee #1 well. The company plans to drill to a targeted depth of approx. 7,000 feet over a 10-day to 2-week period. Once a discovery is made, Ameriwest intends to complete the well within seven days of the discovery.
Company President Walter Merschat stated, “As predicted, we have been able to move quickly to spud, and I’m looking forward to what we believe will be very positive results in the near future. As mentioned previously, I have been studying this region closely for the past 25 years and I have high expectations for the entire Geary Prospect. There are so many positive factors that have influenced our planning; from historical data, structural analysis and proximity of nearby production that we remain highly confident in the outcome for this field.”
This well is just part of Ameriwest’s analysis, which estimates possible reserves of approx. 3.0 MMBO at the Geary Prospect once a full field program consisting of 18 wells is completed. The Ameriwest Fee #1 well is the first well of the program and is located near 2 other wells that have a cumulative production of 323,617 BO and 29,515 MCF gas.
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