HURST, TX (PRWEB) October 31, 2006 -–
EnerMax (http://www.enermaxinc.com) recently announced the successful drilling and completion of the Delta Farms South well located in southern Louisiana. Based on seismic analysis and drilling logs, the estimated barrels of oil in place are 3,147,237 BO and the estimated natural gas in place is 3,147,000,00 cubic feet (3,147 MMcf). Initial measurements predict a flow rate of approximately 500 barrels of oil per day (BOPD) plus associated gas.
Drilling operations on the Delta Farms South commenced on Friday, September 29th and the well was logged Friday, October 13, 2006. The well encountered the objective UL-4 Upper Cris 1 Sands at a measured depth of 11,942' and logged over 60' of net pay. The Delta Farms South should be turned to sales quickly, since it will be tied into an existing production facility.
Bret L. Boteler, President of EnerMax, is pleased with the results and is making plans for future operations in the area. "We have enough acreage to drill one additional developmental well in the immediate area and expect similar results from the offset location" said Boteler. More than a dozen wells in the surrounding area have produced more than one million barrels of oil each per completion with recoveries in excess of 800 barrels per acre-foot.
About EnerMax Inc.:
EnerMax Inc. (http://www.enermaxinc.com) is an independent oil and gas company founded by Bret L. Boteler in 2001. EnerMax specializes in the exploration and development of proven hydrocarbon reserves along the Texas / Louisiana Gulf Coast.
This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. Such statements are those concerning forecasts, estimates, expectations and objectives for future operations. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Statements regarding future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.