DRILLING

Good news from Bad Creek: Tomahawk

MERGER partners Tomahawk Energy and K2 Energy say hydrocarbons have been discovered at two new we...

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In a statement today, Tomahawk said the Priegel-1-10 and Patriot-1-15 wells were the first were to be drilled based on the recently acquired 3D seismic data.

“The early drilling success with the Priegel and Patriot Wells is very encouraging and confirms the prospectivity of the Bad Creek 3D seismic project area, on which multiple additional drilling targets have been identified,” it said.

Tomahawk said the Priegel-1-10 well encountered significant gas shows while drilling, with electric logs indicating probable hydrocarbon pay in four zones and possible pay in two shallow zones.

Testing of the well, which has been cased to 4140 feet (1261.8m), has been delayed due to severe weather in the area.

Tomahawk and K2 hold a combined 32.9% working interest in the Priegel-1-10 well.

Elsewhere at Bad Creek, the Patriot-1-15 well encountered significant oil and gas shows during drilling. Subsequent electric logs indicate the well has probable pay in seven zones and possible pay in two other zones.

The companies hold a combined 12.64% stake in this well.

The Tomahawk-K2 merger offer is due to close on May 23.

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