Wednesday, September 8, 2010

McMullen County, Texas: Eagle Ford Shale update

By Andrea:

Doxa Energy Ltd. (DXA.V) recently announced that they have successfully completed multi-stage fracture stimulation on the Epley #1H in Mcmullen County, Texas in the Eagle Ford shale. Flow back of the well has commenced. Doxa management has not yet reported results, but will do so when all operations are complete. Pipeline and facility construction is under way as a result of the establishment of commercial production from the Epley project. The Epley #1H is the first horizontal well in which Doxa has participated within the prolific Eagle Ford Shale trend of South Texas. Doxa owns a 15% working interest with a respective 11.25% net revenue interest under this project, which is operated by San Isidro Development Company. Subject to commercially viable results on this initial well, Doxa expects that up to 5 gross wells may ultimately be drilled on the Epley project.

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