Friday, October 15, 2010

McMullen County, TX: Eagle Ford Shale Update

By Andrea:

Doxa Energy, Ltd. (DXAEF.PK) recently released an operational update announcing the completion of the Epley No. 1-H, a horizontal Eagle Ford well located in McMullen County, Texas. The well was recently shut-in for final hookup, pipeline and facility construction. Prior to shut-in, the well was being flowed back on a restricted choke (14/64") at a rate of 400 BOEPD (energy equivalent of 250 BOPD, 900 MCFD and 250 BWPD) with a flowing casing pressure of 1,920 psi, and approximately 15% of the frac load water recovered after two weeks of flow. Initial sales of oil production from the Epley well have commenced and the Company plans to release additional details once the well has been placed back on production with facility construction complete. Based on confirmation of 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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