Unbridled Energy provided a drilling update on its Option Well located in the gas and condensate Chambers/Ferrier area. The well was spudded near the end of last month by Unbridled and its partner, and yesterday the 16-32 Well reached its objective depth of 3,290 metres and will now begin openhole logging.
The company holds an average 35% working interest in over 10,000 acres with an option to acquire an 3,840 additional acres in the Chambers/Ferrier area. Unbridled holds a 58.5% working interest in the 16-21 Option Well and will now earn an interest in 1,920 additional acres of land plus an option to earn the remaining three sections with a second Option Well.
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