Dallas, Texas: StockGuru announces The StockGuru Spotlight for Monday August 27, 2012: Eagkefird Energy (OTCBB: EFRDF).
(OTCBB “EFRDF”) (“Eagleford Energy” or the “Company”), announces that the Company’s wholly owned subsidiary, Dyami Energy LLC (“Dyami Energy”) has achieved its target depth in drilling an Eagle Ford shale test well, on its 2,637 acre Murphy Lease in Zavala County, Texas.
The well was drilled to a total vertical depth of 4,473 feet. A full suite of logs from Weatherford International Ltd. (NYSE: WFT) (“Weatherford”) were run to test the Austin Chalk, Eagle Ford shale Olmos, San Miguel, Anacacho, and Georgetown formations. In addition over 25 cores were taken by the Company. The Company is awaiting core analysis and log interpretation from Weatherford to determine the amount of oil in place and possible completion techniques to stimulate production.
The well was drilled for the Company by Dawsey Operating LLC. Albert Dawsey stated that, “supervising the well and being on location throughout the job, I observed a high level of fluorescence in the drill cuttings from a number of the formations and oil from cores retrieved from the Eagle Ford formation was seeping into the core jars. I want to review the core and log analysis and assimilate it with other petrophysical data we have but based on what I know now I expect to be recommending a completion program on this well to the Company.”
Accumulated petrophysical data indicates that the Murphy Lease sits atop Serpentine plugs with multi-stacked formations such as the Escondido, Olmos, San Miguel, Anacacho, Austin Chalk, Eagle Ford shale, Buda and the Georgetown formations prospective to host hydrocarbons.
Alan Gaines, Director, stated, “We have several stacked targets on the Murphy lease supported by logs and data from Weatherford International. Of significant import, total organic content, permeability and porosity indicate that the Eagle Ford formation on the Murphy lease held by Dyami Energy has similar petrophysical attributes of commercially productive wells within the established oil window of this prolific play.”
For more information on EFRDF, please visit: http://stockguru.com//tag/efrdf/
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