The stratigraphic drilling program is designed to confirm the thickness of previously mapped coals and assess the in-situ gas of each coal horizon. The company said development drilling would follow a successful stratigraphic drilling program.
“The Ferguson Ranch 4-19 has been drilled to a depth of 884 metres (2,900 feet)," a Planet Gas statement said.
"Preliminary evaluation of the electric logs and gas detection run is very encouraging, indicating approximately 4.5 metres (15 feet) of gassy coal and carbonaceous shale intersections within the Cherokee Formation which is the primary coal bed methane target horizon as expected.
“Initial interpretations indicate the Excello, Scammon, Weir-Pittsburg and Rowe-Riverton Members are developed over the western portion of the leasehold drilled to date.”
Planet Gas has an 85% net interest in the Skull Creek project through wholly-owned subsidiary Planet Gas Resources LLC.
